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
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $18.41M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.0¢ | $22.30K | 121.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 96369 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 16383 | 2 |
View Market Depth
| Last trade - 15.37pm 10/09/2024 (20 minute delay) ? |
| MGT (ASX) Chart |