Hoodlum
I agree with what you write and would add a couple of comments.
On 321gold, there is a Stockhouse article about potential rapid growth in Gold stocks. It's a bit hyped up, but the charts produced are pretty convincing as to upside potential.
IMO it is inevitable that Gold stocks will come back into favour again as they are doing now. Increased SP's, the occasional flyer such as SIR, takeovers and mergers, the market is becoming more interesting again.
Being in the finance industry, I have been to numerous presentations which unanimously predict further QE, the majority favouring this September.
All this being the case and with MYG closer to production and major announcements, there is an inevitability about the direction of the SP as it consolidates at this level, as long as the announcements are favourable.
The MYG of old would have slipped back on Friday trading, but not yesterday. So I agree with your last 2 paragraphs, except that upside might surprise if results are good and volume increases
- Forums
- ASX - By Stock
- MYG
- lets review the week !.
lets review the week !., page-9
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MYG (ASX) to my watchlist
(20min delay)
|
|||||
Last
77.5¢ |
Change
0.055(7.64%) |
Mkt cap ! $70.88M |
Open | High | Low | Value | Volume |
73.0¢ | 77.5¢ | 73.0¢ | $8.145K | 10.66K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6500 | 78.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
79.0¢ | 5567 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6500 | 0.785 |
2 | 9148 | 0.775 |
2 | 8951 | 0.735 |
1 | 1296 | 0.730 |
1 | 10000 | 0.725 |
Price($) | Vol. | No. |
---|---|---|
0.790 | 5567 | 1 |
0.800 | 6061 | 1 |
0.850 | 15567 | 1 |
0.900 | 9 | 1 |
0.980 | 2520 | 1 |
Last trade - 13.46pm 15/07/2024 (20 minute delay) ? |
Featured News
MYG (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online