MEI

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15.5¢ meteoric resources nl

Where do you think the retrace will take us to? We've been...

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Sammyn123

655 Posts.

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05/06/23

00:57

Post #: 68125218
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Originally posted by dc1234: ↑

I did buy back at 24, but only a small portion. Reason being want to see how far the pullback goes. Also my holding was not very big like many others over here, so was easy to play out.

MEI is in strong bullish run, but it still is trying to do in healthy manner. After a rise there is pullback and retest of levels and then it moves. So gives opportunity to those who miss.

Another thing which was weighing on my mind is that it was reaching a psychological level of 500m market cap - when it touched 26.5. I am not sure but I would think that as it gets over 500m cap, it will come to notice of many big players. This should usually be positive if fundamentals are strong, many big players may see value here. But some could also see an opportunity to short if it was possible. On Thursday 1.2m shorts out of 24m, so still not high. Don't know about Friday. So watching this level carefully. Once it gets over this, there should be early 30s in play.

For those interested, I do a Weekly Report across 26 REE stocks. It has weekly and yearly performance, also some commentary on general markets. MEI is the leader of the pack with 353% gain for the year - wish I had got in that time. I came in only after CR when price came down to 11/12 level. Have had 2 good runs. Waiting for another one. All the best.

https://hotcopper.com.au/threads/mtm-weekly-report.7370668/#post-68116418

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Where do you think the retrace will take us to? We've been consolidating around 20c levels for a few weeks now

MEI Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 15.5¢		Change 0.000(0.00%)		Mkt cap ! $308.4M

Open	High	Low	Value	Volume
15.5¢	16.0¢	15.0¢	$718.6K	4.638M

Buyers (Bids)

No.	Vol.	Price($)
36	1333518	15.0¢

Sellers (Offers)

Price($)	Vol.	No.
15.5¢	107024	1

View Market Depth

No.	Vol.	Price($)
32	1185518	0.150
6	509000	0.145
10	291900	0.140
4	417000	0.135
2	317699	0.130

Price($)	Vol.	No.
0.160	228413	5
0.165	457335	8
0.170	470707	8
0.175	564924	2
0.180	150000	1

Last trade - 16.10pm 28/06/2024 (20 minute delay)

MEI (ASX) Chart

Where do you think the retrace will take us to? We've been...

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Where do you think the retrace will take us to? We've been...

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Buyers (Bids)

Sellers (Offers)

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