here looks to be support but I agree it's risky buying until confirmed.
one thing id want to argue with your chart is the sell off on Monday. There were several large sell offs in the asx mining sector on Monday. Big decreases on large volumes across multiple sectors/materials. It's not fair to attribute that to anything MEI related and it's also not wise to do so. It should be discounted. PLS PMT RNU LYC MIN IGO S32 DVP just a few on one of my watch lists that got spanked on monday on a quick look. I can't remember exact number but in the afternoon Mining was down over 2%.
chart, page-327
Add MEI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.0¢ |
Change
0.011(12.4%) |
Mkt cap ! $224.0M | |||
| Open | High | Low | Value | Volume |
| 9.6¢ | 10.5¢ | 9.2¢ | $479.1K | 4.892M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28215 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 1303548 | 13 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| MEI (ASX) Chart |