Interesting to have a look at MGX over the past 3 years. Very tightly held within the top and bottom lines. It needs to decisively break through (and hold) past $0.52 for a clear breakout.
Current trading over the past couple of weeks looks very similar (pattern wise) to that in the last couple of weeks in July / first week of August 2023 before it took off for a run into the 55c area.
MACD on the weekly chart (see below) also looks like it is setting up to cross-over. That plus the similar pattern to July / Aug 2023 suggests we may see a run in the next little while to test resistance.
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 (20min delay)
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Last
26.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $306.6M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 25.5¢ | $252.7K | 971.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99998 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 195671 | 9 |
View Market Depth
| Last trade - 16.10pm 24/06/2025 (20 minute delay) ? |
| MGX (ASX) Chart |