TAM 9.68% 3.4¢ tanami gold nl

Positive Chart

  1. 73 Posts.
    lightbulb Created with Sketch. 70

    Apart from highlighting a price break out from its wedge formation, this chart is also indicating an important turnaround in trading momentum (green arrow) on significantly higher volumes. To me this indicates that who ever has been sitting on the stock for the past 2.5 years (highlighted by ongoing negative momentum) may now have lost control. If this is the case, I expect the Momentum Indicator to expand quite rapidly, perhaps even triple to previous highs (40% level) providing significant price increases. In summary, I read this chart as indicating that TAM's share price is about to start reflecting its real NTA.

    https://hotcopper.com.au/data/attachments/1626/1626313-6e0a172d5915503b464e91f0ec4eec9d.jpg

 
watchlist Created with Sketch. Add TAM (ASX) to my watchlist
(20min delay)
Last
3.4¢
Change
0.003(9.68%)
Mkt cap ! $39.95M
Open High Low Value Volume
3.1¢ 3.4¢ 3.1¢ $10.92K 348.1K

Buyers (Bids)

No. Vol. Price($)
1 65536 3.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.4¢ 1000549 2
View Market Depth
Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
TAM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.