Fair point. The risk reward is definitely better and ultimately for spec investors that is the key. So no issue there. The Mei sp has retraced almost 50 percent from its ALTH in 3 weeks of trading. We are approaching an oversold level but we are not quite there with 16 being the next level of resistance and the zone of congestion approaching. Let’s see how Mei unfolds.
General discussion (MEI), page-4303
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $224.0M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $278.0K | 2.750M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 176147 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 765919 | 10 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| MEI (ASX) Chart |