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.
MGX Chart/Technical Analysis, page-240
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Last
32.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $388.8M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.0¢ | 32.0¢ | $309.9K | 956.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |