Shares of Mmj Phytotech Limited (MMJ.AX) have seen the needle move -5.41% or -0.02 in the most recent session. The ASX listed company saw a recent bid of $0.35 on 463923 volume.
Investors constantly have to weigh risk against reward when trying to extract profits and maximum value from the stock market. Making educated investment decisions typically requires dedication, rational thinking, and self-control. Once the individual investor starts developing good habits, they can start to eliminate the bad ones that may be costing them enormous amounts of hard earned money. Everybody is prone to make mistakes at some point, and being able to realize what contributed to the mistake can help with corrective actions. Repeating the same mistakes over and over again in the stock market will most likely lead the investor down the wrong path.
Taking a deeper look into the technical levels of Mmj Phytotech Limited (MMJ.AX), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -76.92. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.
Mmj Phytotech Limited (MMJ.AX) currently has a 14-day Commodity Channel Index (CCI) of -30.11. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and