Will 8.8 be the bottom of this phase?.
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I feel MEI is in consolidation zone. I feel it is trying to see, whether its next play is up or down.
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Honestly, I like the play here. It is doing higher lows, 9.2, 9.4, 9.6 etc. But its not getting a big push momentum, so playing around 10. If I had not put a blanket rule of not buying Li/REE stocks till sector reversal is confirmed, I may have bought here. So I feel some positivity after a big drop including CR.
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Next week will give a better picture. General markets are improving. REE stocks that I track had a green after several weeks. So, moving in right direction. I am watching, not convinced yet, but liking it. Lets hope we get to 12. Anyone interested in numbers etc, look at my other posts.
General discussion (MEI), page-5455
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $263.4M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.0¢ | $1.095M | 9.510M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 2371982 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 441163 | 7 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MEI (ASX) Chart |