A Gann technique to detect a change in sentiment is to count the number of bars in a swing and look for 'change in character'. Currently MGT's swings are 15-20 on a swing down and 5-10 bars in an up swing. When sentiment changes from bearish to bullish we should see a change in character in the form of an up swing having 15 to 20 bars and the down swing having 5-10 bars. It sounds obvious but most traders / investors don't use this simple technique to detect a change in trend and therefore miss out on easy opportunities to make money.
MGT share price, page-12691
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Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $36.42M |
Open | High | Low | Value | Volume |
37.0¢ | 37.0¢ | 37.0¢ | $56 | 150 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10500 | 36.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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37.0¢ | 550 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 150 | 0.370 |
2 | 10500 | 0.360 |
1 | 28270 | 0.355 |
2 | 54000 | 0.350 |
2 | 8400 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.375 | 14870 | 1 |
0.385 | 9940 | 2 |
0.390 | 10000 | 1 |
0.395 | 5500 | 1 |
0.400 | 46581 | 4 |
Last trade - 10.20am 14/05/2024 (20 minute delay) ? |
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Last
37.0¢ |
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Change
0.000 ( 4.23 %) |
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Open | High | Low | Volume | ||
37.0¢ | 37.0¢ | 37.0¢ | 560 | ||
Last updated 10.40am 14/05/2024 ? |
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MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
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