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
Ann: MGT Transforming To Meet Growing High-Grade Market, page-77
Add MGT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $36.42M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.0¢ | 37.0¢ | $40.15K | 107.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 5900 | 2 |
View Market Depth
| Last trade - 12.44pm 14/05/2024 (20 minute delay) ? |
|
|||||
|
Last
37.0¢ |
Change
0.000 ( 4.23 %) |
||||
| Open | High | Low | Volume | ||
| 37.0¢ | 37.0¢ | 37.0¢ | 7714 | ||
| Last updated 12.32pm 14/05/2024 ? | |||||
| MGT (ASX) Chart |