There is some serious relative volume going through MLM, Monday 6/6 was the highest ever volume day by nearly 100% and yesterday was the second highest ever volume day. Here is the daily chart going back to 2005.![]()
Here is the weekly, the volume increase is clearer.
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(zoomed in daily)
When you zoom in, you can see a pickup in volume on the 4/4 interestingly enough at all time lows (a good sign if it holds). I use a 50ma on volume to gauge av volume/per day. Average volume (per day) on MLM generally ranges between 100-200k.
Average volume since the 4/4 is just under 800k/day. A four fold increase around lows. Fwiw, thinking between the lines and connecting the dots, there is obviously a considerable change of hands here, hopefully to strong hands, and I believe once the last remaining stale placement/ long term holders are out this is poised for a sustained move to realise it's true asset value.
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Last
2.8¢ |
Change
-0.001(3.45%) |
Mkt cap ! $26.87M |
Open | High | Low | Value | Volume |
2.8¢ | 3.0¢ | 2.8¢ | $7.817K | 263.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 632625 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 290000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 632625 | 0.028 |
1 | 1000000 | 0.023 |
1 | 75 | 0.021 |
1 | 405814 | 0.020 |
2 | 900000 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 290000 | 1 |
0.031 | 50000 | 1 |
0.033 | 160000 | 1 |
0.034 | 300000 | 1 |
0.036 | 81000 | 1 |
Last trade - 15.57pm 17/07/2024 (20 minute delay) ? |
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MLM (ASX) Chart |