Support levels are consecutively pushing higher whilst at the same time resistance levels are pushing lower.
Mix that in with a bullish close today, if VMM continues to respect the trend and we have another positive close tomorrow, this could very well signify a potential reversal phase.
If this becomes the case I think we will quite quickly be trading above the $2 mark again in the very short term.
With the US positive outlook on rate cut forecasts and the US markets flying along with Rare Earth oxide prices lifting also helps to confidence back in the market. As there have been a number of large and smaller players across the board which have copped an absolute battering this last month or so.
Also with MEIs positive announcement today with huge grade results further makes me bullish on VMM. That and also the new report which had recently been released which they have forecasted MEIs market cap / share price to increase significantly to its current value.
VMM huge value currently. Once this reverses I think we are due for a huge jump as is currently significantly oversold and is at huge value at the current price. I think that when and once VMM does provide confirmation of a reversal the market are going to want to get back in, and the price will rise quickly as I think everyone has been holding off and watching / being cautious waiting for a final reversal entry point. Once this happens it's off to the moon IMO.
VMM - Still currently in an uptrend
Massive bargain at these prices
Remaining drill hole results could be released any day
Christmas rally is upon us
GLTAH
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Last
$1.36 |
Change
-0.080(5.56%) |
Mkt cap ! $86.70M |
Open | High | Low | Value | Volume |
$1.45 | $1.45 | $1.36 | $530.1K | 379.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | $1.36 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.37 | 7000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | 1.355 |
2 | 7000 | 1.350 |
1 | 747 | 1.340 |
1 | 3787 | 1.320 |
1 | 4656 | 1.310 |
Price($) | Vol. | No. |
---|---|---|
1.370 | 7000 | 1 |
1.405 | 2135 | 1 |
1.410 | 39969 | 1 |
1.450 | 1000 | 1 |
1.470 | 7388 | 2 |
Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$1.37 |
  |
Change
-0.080 ( 5.71 %) |
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Open | High | Low | Volume | ||
$1.45 | $1.45 | $1.36 | 41294 | ||
Last updated 15.57pm 07/06/2024 ? |
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VMM (ASX) Chart |