Ok what I've observed over the last 3-5 months or so is that the HIGHS we've had have had subsequently lower highs afterwards.
Interesingly the LOWS we've had have had subsequently higher lows.
Plus the MACD and trend 200 and trend 20 lines clearly show the market is totally in undecided mode about MSB.
The point of game changing is kind of where we are at now. The bulls are fighting the bears and are equally matched despite how it may appear day to day.
I cna't pick a figure but I'd have to say once the SP crosses the 6.40-50ish mark we have made a clear break into an uptrend that should see things retrace to around 8 dollars the most recent big high.
Although if it breaks down below 5.30's it could see 4 bucks which is the lowest big low in the last 1-2 years...
Given today's action of piercing 6 dollars.....god please BULLS!
charts - come on baby
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Last
99.0¢ |
Change
0.010(1.02%) |
Mkt cap ! $1.130B | |||
| Open | High | Low | Value | Volume |
| 99.5¢ | $1.02 | 98.5¢ | $5.507M | 5.501M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9996 | 99.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 99.5¢ | 18069 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MSB (ASX) Chart |