MEI in confused state?
.
MEI is playing weekly. For strength it needed to cross 12. All it did was reach 10.5 this week. Bottom 9. From a weekly perspective, a small drop from 10 to 9.7.
.
So what's happening? MEI has got no direction, yet. Big traders just pushing it around. One thing is certain - it is not in euphoria state, yet, that it will cross 12c and reach 20c. Unfortunately, more likely scenario is that it may breach 9c and reach 8c.
.
Personally, I have started trading a bit between 9.3 and 10. Not that I wanted to do, but it looks like lazy gains while some decide what to do. I got 2 wins of 5 pips this week on a portion of my stock. I have brought down my average from 10.5 last week to 10. Damn, so much hard work and still I am down. Oh well, couple of another good hits is all I need.
.
So what may happen next week? No direction. Yet. The big boys are not there. Yet. Its not a lucrative play any more? Possible. For all I know, it needs to hold 9. I think it will, but times are not good. I am just hoping to exit with small loss if things don't go well. I was hoping to make a killing. I know there is a cult following here leading to Ritz. Show your hand, if you have one. Talking about $5 /$10, at least try to hold 10c. Otherwise shut up for ever.
.
- Forums
- ASX - By Stock
- General discussion (MEI)
MEI in confused state?.MEI is playing weekly. For strength it...
Featured News
Add MEI (ASX) to my watchlist
(20min delay)
|
|||||
Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $229.8M |
Open | High | Low | Value | Volume |
10.0¢ | 10.5¢ | 10.0¢ | $177.3K | 1.736M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
34 | 1666701 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 224713 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 1530701 | 0.100 |
8 | 874691 | 0.099 |
5 | 192922 | 0.098 |
5 | 180300 | 0.097 |
4 | 165910 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 224713 | 5 |
0.110 | 1214496 | 8 |
0.115 | 2665543 | 16 |
0.120 | 2377046 | 18 |
0.125 | 1124650 | 11 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
Featured News
MEI (ASX) Chart |
The Watchlist
BTH
BIGTINCAN HOLDINGS LIMITED
David Keane, Co-Founder & CEO
David Keane
Co-Founder & CEO
Previous Video
Next Video
SPONSORED BY The Market Online