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
MGT share price, page-4822
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Last
38.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.40M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.0¢ | 38.0¢ | $501 | 1.319K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 104197 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 11280 | 3 |
View Market Depth
| Last trade - 10.05am 07/06/2024 (20 minute delay) ? |
| MGT (ASX) Chart |