I note that a large bid is aleady in the cue. Too large not to be respected. The sharp sell-off in gold and the closeness of the new issue might bring out some sellers.
From a technical view yesterdy's consolidation has brought the BB to 14. I don't like the price geeting too far ahead of this key indicator.
I suspect insto's are not yet in the stock to any large extent. After a road show the analysts pore over the information to ascertain the risks etc. Of course there is nothing astopping brokers buying on their own account.
todays trading
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Last
84.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $77.29M | |||
| Open | High | Low | Value | Volume |
| 83.5¢ | 86.5¢ | 83.5¢ | $141.6K | 166.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24700 | 84.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 39000 | 1 |
View Market Depth
| Last trade - 15.58pm 29/07/2024 (20 minute delay) ? |
| MYG (ASX) Chart |