I'm not the best chartist, but once MLX breaks 15.5 and holds, then 22.5 c looks to be next target. The SP has been hammered because of shrinking tin prices (along with all other commodities) and the WGR merger. All commodities were way oversold in August and Chinese PMI data recently has been positive. I see no reason why MLX won't be back at 30c this year unless they put forward CR to develop CMGP (which I don't think they will). Samsung should fund Wingenella and if this happens and tin sits around 27 000 pt (or higher) then MLX will be re-rated BIG TIME. Looking forward to the dec report!
recovery: shortterm: mlx to surge to 22.5c!!, page-2
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Last
38.5¢ |
Change
0.025(6.94%) |
Mkt cap ! $348.8M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.8¢ | 37.5¢ | $836.5K | 2.195M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 311665 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 120633 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |