IMO trend is not bearish... if you take the chart out a couple more months you see we have 2 channels currently running, we have a longer term bearish trend coming to an end after retesting of a major support line in july (same major support established in 2021 after PFS retrace)and now trend looks to be squeezing after the bounce. The 2nd channel on a shorter time frame, we have an upward wedge developing potentially speaking to increasing volatility.
this isnt bearish, if anything it is approaching a potential breakout and after recent retest off major support id dare say its bullish. This is also supported by current datas indicators, MACD, RSI, STOCH and UO.
Not financial advice just my observations and opinions.
Always IMO DYOR GLTASH
IMO trend is not bearish... if you take the chart out a couple...
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Last
26.0¢ |
Change
-0.005(1.89%) |
Mkt cap ! $25.59M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 26.0¢ | $39.82K | 152.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 26773 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 7500 | 1 |
View Market Depth
| Last trade - 15.58pm 26/04/2024 (20 minute delay) ? |
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Last
26.0¢ |
Change
-0.005 ( 5.45 %) |
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| Open | High | Low | Volume | ||
| 27.5¢ | 28.0¢ | 26.0¢ | 17311 | ||
| Last updated 15.58pm 26/04/2024 ? | |||||
| MGT (ASX) Chart |