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6.00%

26.5¢ magnetite mines limited.

Chart base breakout still early toot toot, page-152

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Catalyst444

1,098 Posts.

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26/05/22

11:32

Post #: 61633377
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Originally posted by maxtoday: ↑

I bought some as of 0.024, Parcel already in place, but will shorten my parcel as it reaches around 0.027-0.028 personally as I'm very reluctant to think that It will shoot from there into the mid 0.03s.

I personally think it needs to build its momentum in OBV again for it to shoot up and also 0.029/0.030 is the sweet spot to shoot from as it's the current resistance line.

Due to the OBV reads that it's developing not much pressure as it shows in my graph. As I said earlier "Re bounce" due to the levels were in the re bounce mode (30% RSI).

As I said in previous posts, that descending triangle has still so much room to grow further down IMO.

In my prediction atm, I'm seeing possibly an H&S trend in the current lines from early days of may, if it t goes back to 0.025 and stabilises, It's a reassurance that it's capable to pivot to 0.027-0.028 levels but for it skyrocket like you've said, it needs to beat 0.029/0.030.

Thanks for indulging my comments.

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Thanks for sharing. No mention of skyrocketing or rocket ships in my post though.....that's for another thread

MGT Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 26.5¢		Change 0.015(6.00%)		Mkt cap ! $27.08M

Open	High	Low	Value	Volume
25.0¢	26.5¢	25.0¢	$20.76K	80.39K

Buyers (Bids)

No.	Vol.	Price($)
1	90370	26.0¢

Sellers (Offers)

Price($)	Vol.	No.
27.0¢	9600	1

View Market Depth

No.	Vol.	Price($)
1	90370	0.260
1	30000	0.255
5	42905	0.250
1	2273	0.245
3	25833	0.240

Price($)	Vol.	No.
0.270	9600	1
0.275	10000	1
0.280	2562	1
0.290	4281	1
0.300	10862	3

Last trade - 15.46pm 06/08/2024 (20 minute delay)

MGT (ASX) Chart