Before Friday night our time, the US market had fallen four days in a row. MNB held at even for two days and then climbed the next two days. That was despite a large fall on the ASX on Thursday and a 0.4% fall on Friday. On Friday MNB was up 7% on average with a 14.5c VWAP and closed up 3.7% at 14 on lower volume on the close.
So MNB has had strong support and/or a lack of sellers at 13c and is showing a lot of resilience in what has been a bear market in the US and a bear market for ASX small caps.
Below is the MNB chart (bottom) vs the US S&P500 (top). What an out-performance for MNB over the last 6 months - and for good reason. Wait for the next sustained rally. IMO it will be well worth waiting for and probably around a 10-15c move over a couple of months. There might be a few false starts first so picking it won't be easy.
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Last
6.4¢ |
Change
-0.001(1.54%) |
Mkt cap ! $56.23M |
Open | High | Low | Value | Volume |
6.5¢ | 6.5¢ | 6.3¢ | $11.10K | 174.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 91016 | 6.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.4¢ | 15254 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.065 |
1 | 156250 | 0.064 |
4 | 91016 | 0.063 |
4 | 150000 | 0.062 |
2 | 397540 | 0.061 |
Price($) | Vol. | No. |
---|---|---|
0.064 | 15254 | 1 |
0.067 | 27650 | 2 |
0.068 | 20000 | 1 |
0.069 | 110000 | 2 |
0.071 | 72075 | 1 |
Last trade - 15.58pm 12/09/2024 (20 minute delay) ? |
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MNB (ASX) Chart |