I can be considered a chartist (although I have MTC as one of my long-term holdings) and I'll share my thoughts/opinion. I'll share what I think about the trade analysis which is quiet interesting
Have a look at the Trade Analysis below.
Prior to the TH:
After the TH:
If you have a look at the Average Price today which is 24.642 that is approx 44.5% jump within our current market valuation.
If you look at numbers of trades today 23.0c and 23.5c accounted for approx 46.5% of trades.
We have considerable substantial interest within our company which may be a influential factor for MTC's future.given we are still awaiting for visuals and assay results from the Cancet project..Results are imminent. MTC is currently finalising it and I believe it would be released to the market early next week.
If MTC closes above 24.5c tomorrow we are in for a hell of a ride.
If buying outweighs selling tomorrow we can expect further gains on the SP.
BUT!!! Remember slow and steady wins the race - gradual linear upwards trends is best for MTC. A quick rise to the top will eventually cause a quick shortfall.
All above is my own opinion. Please DYOR. Charting technical analysis will be shared in due course.
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Last
14.5¢ |
Change
-0.035(19.4%) |
Mkt cap ! $28.56M |
Open | High | Low | Value | Volume |
16.0¢ | 16.0¢ | 14.5¢ | $22.90K | 147.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 74081 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 15045 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 74081 | 0.145 |
2 | 53027 | 0.140 |
3 | 111923 | 0.130 |
1 | 5000 | 0.125 |
5 | 142009 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 15045 | 2 |
0.185 | 29766 | 2 |
0.190 | 29987 | 2 |
0.195 | 26250 | 2 |
0.200 | 159580 | 4 |
Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
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MTC (ASX) Chart |