One thing about MGX (which is a little unusual) is the tendency for abrupt U-Turns in the price. Often I notice that a stock which has sharp falls needs significant time to then consolidate at those levels before rising again. MGX does not generally display that tendency. The sharp "V" we are seeing could be the same pattern again.
Just an observation and not a prediction.
MGX Chart/Technical Analysis, page-42
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Last
32.0¢ |
Change
-0.010(3.03%) |
Mkt cap ! $389.5M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 33.5¢ | 32.0¢ | $421.9K | 1.301M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 204993 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 8744 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |