MGT magnetite mines limited.

that's your opinion @Glennj74 and you could be right...

  1. 404 Posts.
    lightbulb Created with Sketch. 139
    that's your opinion @Glennj74 and you could be right however order books are notoriously unreliable...we've hit the .025 support 4 or 5 times and as a general rule the more times support is hit the more likely it is to break.

    The reasons I think it is possible that .025 may not be the bottom is:

    1. Trend is down
    2. Momentum - RSI is close to turning down
    3. Volatility is still medium

    all 3 together suggest more pressure to the downside.

    Other folks can do as they wish but I'm waiting until there is a clear change in trend before buying my next parcel
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
8.9¢
Change
0.001(1.14%)
Mkt cap ! $10.78M
Open High Low Value Volume
8.8¢ 8.9¢ 8.8¢ $2.975K 33.58K

Buyers (Bids)

No. Vol. Price($)
1 100000 8.5¢
 

Sellers (Offers)

Price($) Vol. No.
8.9¢ 57411 2
View Market Depth
Last trade - 11.13am 01/08/2025 (20 minute delay) ?
MGT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.