Long position initiated based on the following:
1) Ascending triangle testing resistance 3 times at $1.210-1.230; usually a continuation pattern
2) Price retested horizontal support and bounced
3) 16th May breakout coincided with increased vol ~4x the previous day
4) Previous historical high from Feb 2014 broken
5) Moving averages all heading up steadily with good momentum
Target:Height of ascending triangle ~ $1.560
MGX Chart, page-16
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Last
33.3¢ |
Change
-0.008(2.21%) |
Mkt cap ! $407.8M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 33.0¢ | $132.7K | 393.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 426690 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 72404 | 10 |
View Market Depth
| Last trade - 12.37pm 17/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |