MGX 2.44% 42.0¢ mount gibson iron limited

Interesting to have a look at MGX over the past 3 years. Very...

  1. 953 Posts.
    lightbulb Created with Sketch. 1198
    Interesting to have a look at MGX over the past 3 years. Very tightly held within the top and bottom lines. It needs to decisively break through (and hold) past $0.52 for a clear breakout.

    Current trading over the past couple of weeks looks very similar (pattern wise) to that in the last couple of weeks in July / first week of August 2023 before it took off for a run into the 55c area.
    https://hotcopper.com.au/data/attachments/6189/6189749-cb3c4bfa5dab77f6a7ce4d47be21cdac.jpg

    MACD on the weekly chart (see below) also looks like it is setting up to cross-over. That plus the similar pattern to July / Aug 2023 suggests we may see a run in the next little while to test resistance.

    https://hotcopper.com.au/data/attachments/6189/6189758-a956765b41babb3797d9a8c0cf5e6e79.jpg
 
watchlist Created with Sketch. Add MGX (ASX) to my watchlist
(20min delay)
Last
42.0¢
Change
0.010(2.44%)
Mkt cap ! $510.2M
Open High Low Value Volume
41.0¢ 42.0¢ 40.5¢ $1.108M 2.659M

Buyers (Bids)

No. Vol. Price($)
1 4572 42.0¢
 

Sellers (Offers)

Price($) Vol. No.
42.5¢ 179187 6
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
MGX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.