Because MQR is stuck in a huge downtrend channel. Downtrends on their own are obviously not good but the wider the channel the worse it is as the price will bounce around the channel.
At the time I called .016 it had a buy order of over 2M so it was the only support level as MQR is now in all-time low un charted territory. This buy order has slowly been moved lower and lower and yesterday it was at .005 which also coincides with the bottom of the channel. But I note today this buy order has been removed so who knows where the new low will be? I am not trying to down ramp I'm just saying it as it is and I can't see any potential news turning this situation around considering the market 1 Is not wanting anything to do with small caps and 2 Lithium and REE are on the nose and at lows.
I think based on the current down trend that this may not hit .005 but I think it will go under 1c
Because MQR is stuck in a huge downtrend channel. Downtrends on...
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Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $5.787M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.5¢ | 1.3¢ | $20.35K | 1.462M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 688461 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 258276 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
1.4¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 1.4¢ | 1.4¢ | 1.4¢ | 4765 | ||
| Last updated 12.30pm 03/05/2024 ? | |||||
| MQR (ASX) Chart |