If you look at the weekly chart there are two weekly chart supply levels above. The best price target is at the bottom of the second supply level at 0.63 cents or a cent or two before at around 60 cents if you want to be more sure of the trade working out. By definition a supply level is where sellers hang out and have turned the price lower before. There are a few trapped holders above 50 cents who have kept price below that level lately.
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Buyback will change sentiment, page-35
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 (20min delay)
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Last
32.0¢ |
Change
-0.005(1.54%) |
Mkt cap ! $389.5M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 32.5¢ | 31.0¢ | $500.4K | 1.571M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 107146 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 60553 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |