Love the look of MEK, it has had a stellar run and management are hitting deadlines with consistency. I am expecting a pull back in share price now and will be hoping to get an entry price of 9c.
I don't think its overly optimistic, my reasoning below:
Technical - Weekly: Overbought topped RSI, MACD crossover to the bearish, and previous pattern between May 2018 - May 2021 (resulted in a 50% decline)
Fundamental - Gold has had a phenomenal run, however I anticipate a temporary decline due to a strengthening US dollar and deflationary environment preceding the anticipated market crash.
Cheers,
Thehoneyguy
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 (20min delay)
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Last
14.5¢ |
Change
0.005(3.57%) |
Mkt cap ! $422.7M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 13.5¢ | $1.506M | 10.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 1595009 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 673615 | 9 |
View Market Depth
| Last trade - 16.18pm 30/06/2025 (20 minute delay) ? |
| MEK (ASX) Chart |