MAG
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3.51% 5.9¢ magmatic resources limited

Price tapped into a daily order block which also coincides with...

  1. Luca21
    816 Posts.
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    13/07/23
    20:23
    Post #: 68777695
    Price tapped into a daily order block which also coincides with weekly demand. This order block/ demand level is what caused a weekly break of structure on a closing basis (referenced by black line). If the weekly trend is up then I normally target weekly highs long-term (22c). Liquidity taken below multiple lows. Price reversing strong. If it closes the week around this level we will have a long tailed doli on weekly. Close above 9.4c targets 12c fairly quickly. All in my trading opinion!

    https://hotcopper.com.au/data/attachments/5425/5425210-55e741e2df6fbdce535f01df00070037.jpg
    MAG Price at posting: 8.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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Last
5.9¢ 		Change
0.002(3.51%) 		Mkt cap ! $24.60M
Open High Low Value Volume
5.9¢ 6.0¢ 5.8¢ $23.67K 401.5K

Buyers (Bids)

No. Vol. Price($)
1 76688 6.0¢
 

Sellers (Offers)

Price($) Vol. No.
6.8¢ 12000 1
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Last trade - 15.38pm 28/06/2024 (20 minute delay) ?
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