This particular 62% Fib is at 025c.. there was also another recent one at 15c.
62% .Fibs generally present as horizontal resistance (ie more than one attempt at a particular resistance number) . these are the two most obvious 62% trades in MEI post the big down trend but if you look closely there have been many more short term ones.
the time frames for these trades expand and contract as price moves forward.
Chart, page-19
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $447.7M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.0¢ | 21.8¢ | $556.0K | 2.495M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 67997 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 292892 | 31 |
View Market Depth
| Last trade - 15.27pm 30/04/2024 (20 minute delay) ? |
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Last
22.0¢ |
Change
-0.005 ( 2.22 %) |
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| Open | High | Low | Volume | ||
| 22.0¢ | 22.5¢ | 22.0¢ | 815390 | ||
| Last updated 15.43pm 30/04/2024 ? | |||||
| MEI (ASX) Chart |