MGT 8.77% 26.0¢ magnetite mines limited.

Also the recent price action is supported by significant volume...

  1. 2,694 Posts.
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    Also the recent price action is supported by significant volume traded on initial run from high 4s to mid 5s and then on the support test/retest from 7s to high 5's and back to 7s, all whilst setting higher highs/lows across multiple time frames.
    So No gaps in volume either, so to speak.

    Quite bullish to see a bearish break away gap, after ATH, immediately filled with strong volume after a retest and bounce off higher lows/new support.

    I wouldn't rule out consolidation and a squeeze in mid 6s to low 7s while we wait but like I said fridays 90+mil volume traded all day above 7c and set new ATH at 7.8c
    and PFS is only getting closer.

    Not financial advice just observations and opinions
    Always IMO DYOR GLTASH
    Last edited by BullishTrends: 18/04/21
 
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Last
26.0¢
Change
-0.025(8.77%)
Mkt cap ! $25.59M
Open High Low Value Volume
28.5¢ 28.5¢ 26.0¢ $7.902K 28.74K

Buyers (Bids)

No. Vol. Price($)
2 41399 26.0¢
 

Sellers (Offers)

Price($) Vol. No.
27.5¢ 19994 1
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Last trade - 15.15pm 28/03/2024 (20 minute delay) ?
Last
27.0¢
  Change
-0.025 ( 3.57 %)
Open High Low Volume
26.0¢ 27.0¢ 26.0¢ 4308
Last updated 14.08pm 28/03/2024 ?
MGT (ASX) Chart
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