Yep looks like a rounded bottom with support on 40c line holding well in June. With EOFY selling pressure finished and a supportive iron price (112.70 current) on expected China stimulus on the "Third Plenum" mid July, plus some good China first home sales (for a change), a solid quarterly to come EoM, then price action looks not only interesting, the backdrop looks improving and supportive too.
Iron bottoming at USD102 this sell off versus USD94 in March means the price is >50D, >100D and approaching 200D MA's
Yep looks like a rounded bottom with support on 40c line holding...
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Last
26.5¢ |
Change
0.005(1.92%) |
Mkt cap ! $306.6M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 25.5¢ | $1.220M | 4.627M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 80012 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 172544 | 6 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| MGX (ASX) Chart |