BT I couldn't find your old post where we discussed chart formations (cup handle, double top, ascending triangle etc) but I can see you have posted another since.
With this morning's move it is evident we are looking at some sort of a ascending triangle squeeze - high chance of a massive green candle today (or tomorrow) IMO unless this breaks to the downside.
See the bulk of the volume since the start of the month is int he low / mid 7s so any break above the 7.8c resistance will open up lots of room for a big run - potentially very quick / short lived though as we are still within a fairly parabolic formation.
The rest of today / tomorrow AM will be quite interesting and significant. An upward break here with decent volume would be very welcome (but of course it's not guaranteed - these are just my thoughts).
BT I couldn't find your old post where we discussed chart...
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Last
32.5¢ |
Change
-0.015(4.41%) |
Mkt cap ! $31.99M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 32.5¢ | $22.54K | 68.25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 800 | 1 |
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| Last trade - 15.50pm 14/06/2024 (20 minute delay) ? |
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Last
32.5¢ |
Change
-0.015 ( 7.14 %) |
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| Open | High | Low | Volume | ||
| 33.5¢ | 34.0¢ | 32.5¢ | 23399 | ||
| Last updated 15.53pm 14/06/2024 ? | |||||
| MGT (ASX) Chart |