Some unexpected buying pressure in the afternoon for MGX.
From a charting perspective, it bounced very hard at exactly the 50% Fib retracement level which suggests we may well have seen the low of this grinding correction that has been unfolding since late December.
Next week will be telling to confirm if this is the case, but encouraging price action today suggests that the weak hands (those who were looking for a dividend, I suspect) have now largely exited.
Ann: December 2023 Half-Year Earnings Announcement, page-26
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Last
41.0¢ |
Change
-0.005(1.20%) |
Mkt cap ! $498.1M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 40.8¢ | $360.4K | 877.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 168024 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 80475 | 5 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MGX (ASX) Chart |