I mentioned last week that momentum & rsi was indicating that this was "overbought". This consolidation is what the share price needs. Hopefully it will find support on the 30 day ema, once that is established it will move higher.
BHP is interesting at the moment. If it breaks $40 it should attempt $44, and it should take some of the small miners with it. Copper price is the loose cannon at the moment because it is still not established if this current price for copper is based on fundamentals or speculative trading. Only time will tell.
slight retrace on the cards, page-3
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $2.061M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $2.236K | 797.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 17961677 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 1402393 | 5 |
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| Last trade - 13.30pm 02/08/2024 (20 minute delay) ? |
| SMM (ASX) Chart |