Here’s a few of my observations re trade in MAT:
This leads me to make a few conclusions:
- MAT’s close at 18 today is a break of the downtrend from June 2014 on a daily and weekly chart.
- Today’s volume is the highest in about 5 weeks. And that was the highest volume in about 7 months.
- In the past 11 months, volume in MAT has been almost non-existent.
- 3 out of the 4 previous days with volume exceeding 200K were accompanied by an announcement.
Guess only time will tell.
- An announcement of some sort is imminent.
- They are about to start drilling Symons Hill very soon – this has been reported, and interest is building in anticipation.
- There is A LOT of skepticism surrounding MAT and Symons Hill and rightly so. A few conductors have already been drilled without any real success. As I see it, this is their best chance yet given the similar characteristics to SIR’s conductors.
- There is going to be technical resistance in MAT at so many levels it’s ridiculous – 19, 20, 22, 25, 30, 35, 38 etc.
- If MAT gets a sniff at Symons Hill, all those technical levels will be destroyed in the blink of an eye.
- The money being thrown, or rather not thrown, at MAT the past several months is negligible. A $1m+ trading day in MAT would mean that it’s game on, and blow the top off the stock.
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Last
4.0¢ |
Change
-0.002(4.76%) |
Mkt cap ! $26.00M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 4.0¢ | $17.24K | 431.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 277800 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 109487 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 277800 | 0.038 |
1 | 100000 | 0.037 |
1 | 25000 | 0.036 |
1 | 96000 | 0.026 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 109487 | 1 |
0.041 | 100000 | 1 |
0.042 | 529560 | 2 |
0.043 | 267736 | 2 |
0.045 | 90000 | 2 |
Last trade - 13.52pm 18/10/2024 (20 minute delay) ? |
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MAT (ASX) Chart |