Is it worth it? Looks a little overbought at the moment, RSI > 80, highest in 5 years. Interesting fact, the last time the sp was at this level it sat at 70c 2 weeks later as the IO price collapsed. I don't see the excitement in MGX at this price as production will begin to decline in 12 months, so unless IO prices sky rocket it's an unfavorable risk/reward IMO. MGX do have a lot of cash though. Happy to hold but I wouldn't be buying.
Is it worth it? Looks a little overbought at the moment, RSI >...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
28.0¢ |
Change
-0.015(5.08%) |
Mkt cap ! $341.1M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.5¢ | 28.0¢ | $452.0K | 1.581M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 719630 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 32325 | 2 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |