You're right about the solid resistance at $33k on the Tin price. The draw down on the SHFE stock also seems to be slowing. It's hard to see a catalyst for MLX to go much higher, but the buyback should provide a solid floor. Barring some dramatic news I suspect we'll be range bound for a while, it's a pity all the supply constraints seem to have aligned with a drop off in Chinese demand. The only excitement on the horizon at the moment is a bit of M&A... which could go either way!
You're right about the solid resistance at $33k on the Tin...
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Last
43.8¢ |
Change
-0.013(2.78%) |
Mkt cap ! $399.0M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 46.0¢ | 43.5¢ | $553.4K | 1.239M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 253050 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 36396 | 7 |
View Market Depth
| Last trade - 14.59pm 02/10/2024 (20 minute delay) ? |
| MLX (ASX) Chart |