NMT 3.82% 6.8¢ neometals ltd

NMT Chart, page-52

  1. 1,522 Posts.
    lightbulb Created with Sketch. 203

    I use Fractals, AO (awesome Oscillator) EMA 200, Alligator and Bollinger bands for my analysis. This is for me and my understanding i am no way shape or form a financial advisor just some poor f* who doesn't want to loose his hard earned dollarydoos being shafted by the man. So as always DYOR, we all have our own risk assessment. The alligator is the 3 lines (green, red and blue) the green is the lips, the red is the teeth and the blue is the jaw. The green arrows above are Bearish fractals ( the green means a buy indication has formed when the price breaks above), red arrows below are Bullish fractals, sell if continues to fall below. that may be confusing having red as bullish and green as bearish. thats just the indicator but by no means something to go off just based on that alone. Remember the sum of all parts gives the best detail.

    5 Minuet Chart: the best time to buy the alligator would be when the lines open up completely and are clean of one another. when they are crossing over and touching and interweaving it indicates a sleeping alligator and is hard to find entry and exit points. This you can see below happens a lot on smaller time frame charts. So on the 5 minuets alone, this is indicating that there is a bearish reversal given the alligator. notice the lines are now above the candles rather than candles above the lines. that indicates a change. The ao also reflects this as the AO has gone from green above the 0 line to red above the 0 line and then falling red below the 0 line. that indicates on the 5 a bearish time. but none the less we arent all focused on that. moving on. https://hotcopper.com.au/data/attachments/2988/2988618-ac95e60eeb2382d4bfeffbc084e28b3c.jpg

    15 Minuet Chart: Much the same in the 15 minuet chart, down trend and sleeping alligator is seen quite a bit. AO is still bearish based off the indicator same as alligator. A bullish fractal formed but still hasnt hit.
    https://hotcopper.com.au/data/attachments/2988/2988660-0db6b95ed38a09eb8b572682cb632204.jpg
    1 hour chart: This is pretty tight here, lines are really tightening up bollinger bands are tightening up. AO is still negative hasn't really changed much on the smaller scales. EMA is still trending up given the yellow line
    https://hotcopper.com.au/data/attachments/2988/2988664-5647c188e3b05007b2ecb2b8e26bafe3.jpg
    4 Hour Chart: As you can see still the same, lines are really crossed over and tight as well, as you would expect given the above tables. Bearish and Bullish Fractal formed on the same point there so it looks like a sideways move which is indicated by the AO and Alligator being so close and flipping in minimal amounts. EMA is still trending up as seen by yellow line
    https://hotcopper.com.au/data/attachments/2988/2988667-6780f37a37272562467b0046094eb385.jpg
    Daily Chart: Alligator is crossing and we just finished a nice move up given the alligator and then the corresponding bearish fractal that formed at the height there. we then continued down into consolidation. looks like sleeping alligator still. we are now below the alligator here to, but again the sum of the parts people. EMA is still trending upwards. AO is gaining momentum back towards positive which is good news. but still could stay below the 0 line.
    https://hotcopper.com.au/data/attachments/2988/2988674-81d9fbdd9138b8f2f8aedecf358d6fc8.jpg
    Weekly Chart: AO has gone from nice green bars to red the minuet that bearish fractal formed up the top. However the alligator is still open and we could continue to rise. The ema is still rising and the lines have crossed through it and are still heading up, so good news there. All these indicators together help work out where we are.
    https://hotcopper.com.au/data/attachments/2988/2988680-98feb80e5d1e1ef5d04bd0291c53559a.jpg
    1 month chart: I zoomed in to show this one in better detail because it shows our health a lot better. Notice how far from the alligator the candles are? well this is good news, the greater the distance the more room for up trend or downtrend we have. Thankfully we are on the upside for this one. The more open the lines the better two, we have two indicators here alone saying we are ok. I put the 2 lines of resistance in (yellow) and you can see we are breaking a resistance here to a degree, but being pushed back down to it. Notice that bullish fractal that formed (last red arrow below the candles) has now pushed us up above the 4 previous bearish fractals. this is also good news. our next resistances are the 3 fractals in the yellow line areas. It looks like we will pushing that was the AO is in our favour and accelerating green from the 0 line. Remember the sum of all parts.
    https://hotcopper.com.au/data/attachments/2988/2988686-1c0620f3dabf76b5f1f96fc3181a474e.jpg
    Full Chart: We are looking nice given all the above statements, give the indications from the alligator, lines open, bullish fractal formed and you can see us breaking out there from the previous 3 fractals. The ao has gone from red bearish below the 0 line to green bullish and accelerated green into + territory. The bands have opened and we are awake given this chart.
    https://hotcopper.com.au/data/attachments/2988/2988693-d8ad0992a1de333d1fdc2b9231ec176d.jpg
    again i am no financial advisor, i could be wrong i make no recommendation for entry points just my analysis. this is a link to better explain the alligator, the AO and the fractal. enjoy fellow holders. i am happy and i am confident.



    https://currency.com/how-to-read-and-use-williams-fractal-trading-indicator
 
watchlist Created with Sketch. Add NMT (ASX) to my watchlist
(20min delay)
Last
6.8¢
Change
0.003(3.82%)
Mkt cap ! $42.37M
Open High Low Value Volume
6.5¢ 6.9¢ 6.4¢ $53.45K 801.2K

Buyers (Bids)

No. Vol. Price($)
1 13000 6.7¢
 

Sellers (Offers)

Price($) Vol. No.
6.8¢ 57014 1
View Market Depth
Last trade - 16.10pm 12/08/2024 (20 minute delay) ?
NMT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.