MYL broke out from 0.06 and is holding at 0.1, which is a key level (66%+). (0.1 is key level on ASX because the pip size changes)
PMY broke out from 0.012 and hit 0.03, and is now holding at 0.018 (250%+ --> 50%+)
I would say the figures are comparable, and PMY had the better breakout, but there's so much profit to be had that a 66% retracement of the move is reasonable. As long as we have profit takers who quake at the retracement, price will go down until buyers step in.
Not saying one should buy or sell, but just pointing out the technical facts.
PMY - Charts, page-545
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $26.84M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.5¢ | $112.7K | 961.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 229873 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 120121 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| BML (ASX) Chart |