I could imagine that HMX is on the "waiting list" of some investors. They are probably waiting until there is something "tangible" to celebrate before they buy. So - it needs good results or news to "trigger something".
In terms of the chart, we seem to be in an ascending triangle. Resistance at 5 and ultimately 6 cents is then actually a further upward resistance. If you look at a multi-year chart, the long-term downward trend is somewhere around 7-8 cents. A break in the course of the year could actually mean a "change in perception" of HMX.
I think that is also the issue: the perception is not (yet) correct. For this reason, the SP also remains asleep.
Patience. Everything can change quickly. DYOR
I could imagine that HMX is on the "waiting list" of some...
Add HMX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.4¢ |
Change
0.001(2.33%) |
Mkt cap ! $39.00M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.4¢ | 4.3¢ | $817 | 18.74K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 101870 | 4.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.6¢ | 420000 | 3 |
View Market Depth
| Last trade - 15.47pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
4.4¢ |
Change
0.001 ( 2.33 %) |
||||
| Open | High | Low | Volume | ||
| 4.4¢ | 4.4¢ | 4.3¢ | 72916 | ||
| Last updated 15.47pm 03/05/2024 ? | |||||
| HMX (ASX) Chart |