MME (ASX) MME Charting Thread

Originally posted by Cheeky-Charm: ↑

Good morning fellow MME Holders it only seemed right for this thread to be created as I cannot see anything pertaining to the movement of price action. After all, I am a trader

This company first hit my radar on 1st of May 2024. Upon reading into some of the fundamentals (because I liked the chart potential) here's what I found:Market Cap: $100M at 13c although it was half of this when I first laid my eyes on it
Enterprise Value: $1.1B! Yes, Billion
Cash On Hand: $75M
Shares On Issue: 800M
Top 20 Holding: 593.06M or 74.13%
Debt: Zero Cares Given (Investors would have a different case)With those above numbers NO WONDER this deserved to remain on my Watchlist! Attached is a screenshot of when this Whale Order was caught during Live Market Hours.

Fast forward afew months I was sad as I was not able to take advantage of the weak shakeout attempt after forming a double bottom of the 6c level. Due to personal circumstances, I unfortunately didn't scale in a small order at 6c nor did I add any at 7c once that level was reclaimed again

Nonetheless it has very much proven to remain a solid stock from a technical and fundamental standpoint.

21st August:I put a FB post signalling that I took a position the attached image can be skipped if you wish as it's just extra commentary and thoughts behind my reasonings to enter this stock after not trading for 2 months now (due to that personal reason I mentioned).

As of 22nd August (yesterday)
For anyone watching the stock much closer than I, they would have realised a big 1M+ unit seller sitting at 12c. That hand was quickly revealed during intraday trading roughly 1.39pm (give or take a few mins) where he pulled the order out and moved it 15% higher to 13.5c.. we see you!

The Same DayAnother hand reveal this time around 3.19pm where Power Hour and Market Professionals look to partake in the markets gave us another quick flash BUT you gotta be quick to see these games. A Large 2M share Bidder Stacked 10.5c! Supporting the 10c whole round psychological level. This is a big key in and of itself. The fact it was shortly pulled means very little (to me). He got my attention. And I hope yours too!

Chart Above:Small commentary indicating a MONEYME Making Pattern! I will get more into it, below. This is a mind blower and also the degree of thoroughness required to be a good stock selector.
1.Thursdays is the BASE DAY! On this day, more times than not, prices BREAK OUT from said base
2.FRIDAY SPIKER Day 2 Continuationrepeated history of it doing this except only 1 time it has failed, but then continued on to repeat this pattern! 3. A multi-day runner, which can continue on Day 3 generally on a Monday but not as consistent or reliable as the Friday pattern, nonetheless it's always worth keeping it in mind!

Weekly ChartHighlights exactly what the Daily showing us.15.5c to 17c is a first level of overhead worth testing. IF it can clear here, the next zone looks to be at 24.5c give or take. Easy to see this is in a multi week/month uptrend aswell with volumes supporting what prices show.

Interestingly, Morgans do have a Buy Recommendation with a 21c price target.

NOW LET THE FEEDING FRENZY BEGIN! GLTAHZ!

Expand

Good analysis, we almost touch 24.5 cts.
Could we get an update from you?
It's been a while since I read anything from you about MME. Thank you,