The last significant bottom of $2.50 was the lowest CMM has traded since 01/11/21.
It occurred on a quad witching day 16/9/22. The volume was huge. The opportunity was huge.
This Friday is also a quad witching day. Will they take it down again and offer another solid entry / addition point?
These are previous quad witching (options expiry) dates and how we traded on those days.
Should we fall out of the current pennant Friday closing below $4.025, the major pennant support line should sit around $3.31 - $3.33.
Below that lies the top pennant line from last years pennant at - would you believe - $2.50.
If $2.50 breaks we are probably in the cross hairs of a hostile takeover.
Helmets on, trucks in reverse, hold your nose etc.
Bearish and bullish all at once.
I still rate our chances of breaking below the current pennant under 50%
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Last
$5.97 |
Change
-0.010(0.17%) |
Mkt cap ! $2.253B |
Open | High | Low | Value | Volume |
$5.93 | $5.97 | $5.85 | $3.907M | 658.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 61 | $5.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.97 | 4562 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2873 | 5.850 |
1 | 2500 | 5.780 |
1 | 104 | 5.760 |
1 | 575 | 5.740 |
1 | 200 | 5.700 |
Price($) | Vol. | No. |
---|---|---|
5.990 | 6036 | 1 |
6.000 | 11133 | 3 |
6.010 | 3547 | 1 |
6.040 | 10000 | 1 |
6.050 | 50000 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
CMM (ASX) Chart |
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David DeTata, Managing Director
David DeTata
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