My 2 cents on the technical analysis. First image is the chart on daily timeframe. Clear inverse head and shoulders to be seen here - I drew these yellow lines 2 weeks ago actually and we've respected the pattern. Well above the 50 DMA. OBV holding up strong means more buying volume than selling. MACD expressing a bullish signal.
The second image represents the volume profile. Whether the share price is in a hurry to breakout or not, the path of least resistance is now up. We are above our highest volume level (0.08-0.087), which dwarfs the supply above. Any time we do to go sideways in this zone makes for a stronger base, and therefore a more sustained breakout run. Glad to see the technicals lining up with MNB's fundamentally strong case (market cap currently valued <10% after tax NPV).
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Last
6.3¢ |
Change
-0.002(3.08%) |
Mkt cap ! $55.35M |
Open | High | Low | Value | Volume |
6.5¢ | 6.5¢ | 6.3¢ | $30.01K | 472.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 54531 | 6.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.3¢ | 7800 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 54531 | 0.062 |
1 | 100037 | 0.061 |
4 | 160357 | 0.060 |
1 | 12000 | 0.058 |
1 | 17543 | 0.057 |
Price($) | Vol. | No. |
---|---|---|
0.063 | 7800 | 1 |
0.065 | 17845 | 2 |
0.067 | 40000 | 2 |
0.069 | 241507 | 3 |
0.071 | 72075 | 1 |
Last trade - 15.45pm 03/09/2024 (20 minute delay) ? |
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MNB (ASX) Chart |