Well.... looks like the accumultors won today and have tipped the scales for consolidation in 2s as opposed to 3s .
Still needs confirmation, but the bearish engulfing pattern is becoming more apparent.
With that said this could be a false indicator as buy volume is still strong underneath today's close and we bounced off 2.3 again!.
Previously weekly trend isn't 100% reversed as we are still sitting at an acceptable retracement range since start of run at 1.4c and indicators are displaying oversold...So we could still bounce and run yet!.
But i still didn't like seeing us getting capped all day at mid 2s, here is hoping the accumultors have gotten their fill.
On the bright side, tipping into very oversold so great buy opportunity presenting itself if you bought on highs and want to average down, and well and truly enough volume traded between 2-3c in the last week to establish new support in this range.
If you thought this ran well, the next run will amaze you
Not financial advice, just observations and opinions.
MGT share price, page-1902
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Last
17.5¢ |
Change
-0.005(2.78%) |
Mkt cap ! $20.18M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 17.0¢ | $75.52K | 441.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 20920 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.170 |
4 | 44060 | 0.165 |
1 | 50000 | 0.160 |
1 | 10000 | 0.155 |
1 | 5000 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 20920 | 1 |
0.180 | 104490 | 2 |
0.185 | 54321 | 2 |
0.190 | 44358 | 1 |
0.195 | 8310 | 3 |
Last trade - 14.03pm 14/10/2024 (20 minute delay) ? |
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