Yeah, great announcement.
The gold environment certainly isn't helping as the central bank algos have been smashing and capping gold since the 9th of November, as they did just after 11am aest today.
Disappointing to see this drop below 6.4 cents.
MEI is coming down to test a short term trend line that resides around the 6 cent level. We also have minor support at the 5.8 cent level.
The last big price drop was a one day affair giving people the opportunity to add to holdings. This could be the same but these gold smashes might have more room to run. A close back above 6.4 cents today would be a decent sign.
Gold is now into oversold territory.
Yeah, great announcement. The gold environment certainly isn't...
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $240.5M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.0¢ | $567.0K | 5.301M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 229960 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 932844 | 10 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| MEI (ASX) Chart |