Its definitely oversold at this point. The usual sell the news would have driven this down yesterday. What you also have is a reversal of T+2 traders that need to get out and also the momentum traders. This was hitting all time highs only a few days ago. The reversal would have forced many to exit.
Watch the sell volume dry up and this will rebound.
MGT share price, page-7798
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.72M | |||
| Open | High | Low | Value | Volume |
| 14.3¢ | 14.5¢ | 13.5¢ | $19.83K | 137.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23592 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 76869 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| MGT (ASX) Chart |