I don't love that we lost .655 which is the 50% of the current range however so long as we don't lose .59 it should be ok. If .59 is lost then a retest of the lows is probable.
chart is looking very interesting. Looks to be a higher low forming on the weekly. Momentum is neutral but volatility is still very high. Looks to me that momentum is cooling off in preparation for another possible impulsive move upwards in the next month or two.
I'm not calling a reversal yet however it is looking promising that a reversal is in progress
MGT share price, page-12950
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Last
25.5¢ |
Change
-0.005(1.92%) |
Mkt cap ! $26.06M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 26.0¢ | 25.5¢ | $7.843K | 30.66K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 54153 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 9600 | 1 |
View Market Depth
| Last trade - 13.43pm 02/08/2024 (20 minute delay) ? |
| MGT (ASX) Chart |