Small-Cap

Technical Analysis on One ASX-Listed Stock – BM8

November 04, 2024 | Team Kalkine
Technical Analysis on One ASX-Listed Stock – BM8

BM8:ASX
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (AU$)

Company Overview:  Battery Age Minerals Ltd (ASX: BM8) is an Australia-based mineral exploration company focused on the exploration of battery minerals, such as lithium, copper, germanium and zinc in Canada, Morocco and Austria. This Report covers the Price Action, Technical Indicators Analysis along with the Support Levels, Resistance Levels, and Recommendations on these stocks.

BM8’s Technical Observation:

BM8's stock is currently priced at AUD 0.100, maintaining a horizontal support level that suggests a potential reversal could be on the horizon. Trading above this support zone, the stock's position indicates resilience. The Relative Strength Index (RSI) is 41.733, reflecting a slightly bullish sentiment as it hovers near the momentum territory's support. Additionally, the stock is above the 21-period Simple Moving Average (SMA), which may act as a near-term support level. Key support levels are AUD 0.085 and AUD 0.070, providing potential buy zones if the price dips. Conversely, resistance levels are AUD 0.115 and AUD 0.130, which could pose challenges for an upward momentum.

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