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
$5.80 |
Change
-0.040(0.68%) |
Mkt cap ! $2.189B |
Open | High | Low | Value | Volume |
$5.92 | $5.97 | $5.80 | $9.873M | 1.671M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4024 | $5.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.82 | 5600 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4024 | 5.800 |
4 | 19038 | 5.790 |
2 | 15268 | 5.780 |
1 | 5268 | 5.770 |
2 | 9424 | 5.730 |
Price($) | Vol. | No. |
---|---|---|
5.820 | 5600 | 1 |
5.840 | 3323 | 2 |
5.850 | 5268 | 1 |
5.860 | 5268 | 1 |
5.870 | 5268 | 1 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
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