Another important week coming up for MEI.
The key question for me is - when is it going to 20? Why do I ask that question? Reason being, before February, for last 9 months, there were only 3 days in 9 months that it did not do a high of at least 20. And now for the whole of Feb, close to 4 weeks, it has not reached a high of 20. Why? What does it mean? Fundamentally many may be comfortable with where it is, but price action - something doesn't look right. It needs to get 20. That's just my though, and I could be wrong. Lets hope it does that shortly.
I am watching on sidelines for now. As I had written, I had exited at 19, my buy was at 18, so nothing much there. Reason I exited - same as I have been writing - it failed to reach 20. It may not mean much to most, but I follow some patterns and I didn't like it.
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For those interested how MEI is tracking against other REE stocks or who hold multiple REE stocks, I do a Weekly Report across 26 ASX REE stocks. It has got Weekly/Yearly data how stocks are tracking. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.
Here is the report for this week.
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https://hotcopper.com.au/threads/enr-weekly-report.7575014/#post-72579619
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $368.1M |
Open | High | Low | Value | Volume |
18.0¢ | 18.5¢ | 18.0¢ | $266.7K | 1.464M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
33 | 4553197 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 554596 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 3894972 | 0.180 |
21 | 1738854 | 0.175 |
28 | 865408 | 0.170 |
7 | 770727 | 0.165 |
15 | 866847 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 318701 | 4 |
0.190 | 2076596 | 10 |
0.195 | 522899 | 10 |
0.200 | 488944 | 7 |
0.205 | 333453 | 6 |
Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
18.0¢ |
  |
Change
0.005 ( 2.49 %) |
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Open | High | Low | Volume | ||
18.3¢ | 18.5¢ | 18.0¢ | 653275 | ||
Last updated 15.59pm 07/06/2024 ? |
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MEI (ASX) Chart |