May as well start a the thread...
Aside from the rare earth thematic only intensifying and the recent capital inject predominately from a very high quality partner with plenty of experience / assistance that can be offered to the company, a look at the technical setup is also quite favourable...
Daily - short term setup
Volume increasing nicely to support the recent move back above the 43d MA and close above the 4.6c / 4.7c levels of resistance. RSI with room to move on its upwards trajectory towards the over bought region + MACD pushing nicely up through the all important 0 control line. Plenty to like about the current move underway, with a buy on weakness stance if provided the further opportunity.
5c being the next target for the short term setup. A close above this mark will see the 5c - 5.5c support / resistance zone in play.
Weekly - medium term setup
A weekly close above the 4.6c / 4.77 levels of resistance opens the door for a run back to the 43d MA at 5.2c, which would also coincide with a positive cross being established in the MACD = very supportive.
VML - setup at play
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.52M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2731310 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 139902 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 39900 | 0.005 |
57 | 23067036 | 0.004 |
44 | 36492469 | 0.003 |
12 | 29550125 | 0.002 |
12 | 80894201 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 39900 | 1 |
0.005 | 6162038 | 24 |
0.006 | 11671123 | 36 |
0.007 | 9077721 | 14 |
0.008 | 13991771 | 6 |
Last trade - 10.07am 30/04/2024 (20 minute delay) ? |
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