OK - MGX just starting to get interesting from a charting perspective.
For mine, the below looks to be a perfect charting set-up with a classic MACD vs price divergence (MACD showing a higher low in June vs price with a lower June low), a strong June bounce off a significant technical support / resistance line plus now we see a break of the resistance line that has bene in play since January 2024.
For those who follow Eliott Waves, I see this as the conclusion of a long Wave 2 correction since January (which was preceded by a Wave 1 from June to December 2023). If correct, we are now into Wave 3 and potentially much higher levels in coming months (my first target is 72.5c, but this could be an extended Wave 3 in which case 92.5c comes into play or possibly higher still).
Irrespective, MGX seems to have punched in a new intermediate low and should now be moving up strongly in coming weeks / months.
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Last
35.0¢ |
Change
0.015(4.48%) |
Mkt cap ! $426.4M |
Open | High | Low | Value | Volume |
33.5¢ | 35.5¢ | 33.5¢ | $446.5K | 1.292M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 34.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.0¢ | 6595 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 0.345 |
7 | 163491 | 0.340 |
4 | 113241 | 0.335 |
4 | 95320 | 0.330 |
2 | 69233 | 0.325 |
Price($) | Vol. | No. |
---|---|---|
0.350 | 6595 | 1 |
0.355 | 136972 | 3 |
0.360 | 125330 | 5 |
0.365 | 144000 | 3 |
0.370 | 1128 | 1 |
Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
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