Daily chart above.
Need it to break the orange trend line which IMO would coincide with the MACD getting above zero and landing in that red box.
Additional stochastics above the pink line would then be triggered.
Move to the weekly and looks like sell momemtum is weakening.
MACD has went flat and IMO will start to turn soon, stochastics oversold and should bounce soon.
Looks like the impending news will either trigger the bounce or will fall out of the support area.
At 23M MC for 1m ounce asset with extensions coming in i'd say fundamentally undervalued.
Market should mark it up regardless but not sure if the T/A will follow.
SF2TH
Ann: High Grade Extension Discovered at Sturec Gold Mine, page-78
Add MTC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
16.5¢ |
Change
-0.010(5.71%) |
Mkt cap ! $32.48M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.0¢ | $74.74K | 443.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 94462 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 2441 | 1 |
View Market Depth
| Last trade - 15.04pm 12/09/2024 (20 minute delay) ? |
| MTC (ASX) Chart |