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.
- Forums
- ASX - By Stock
- Positive Chart
Apart from highlighting a price break out from its wedge...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TAM (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.3¢ |
Change
-0.001(2.94%) |
Mkt cap ! $38.77M |
Open | High | Low | Value | Volume |
3.4¢ | 3.4¢ | 3.3¢ | $4.487K | 132.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 45919 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 281700 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 45919 | 0.033 |
2 | 310000 | 0.032 |
2 | 82258 | 0.031 |
2 | 348000 | 0.030 |
3 | 375000 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 281700 | 2 |
0.035 | 511720 | 2 |
0.036 | 250000 | 1 |
0.037 | 81000 | 1 |
0.038 | 195816 | 2 |
Last trade - 12.45pm 18/09/2024 (20 minute delay) ? |
Featured News
TAM (ASX) Chart |