Not possibly a buying opportunity?!
Cath Davey, a rated technical analyst, who has written about MTB a few time, commented that if MTB fell below 4c it would turn to dog status and if it went above 18c it would run considerably higher.
Despite her earlier coments, reading some of her more recent comments on Investorweb, she is not overly concerned about the fall below 4c and maintains that a company like MTB has the ability to recover from this and bounce back.
I think the last leg of the tail in the recent graph was due to Opes disaster and its only this part of the tail that's brought MTB below the 6c level.
I could be wrong, but #1!#I hope I'm not!
Not possibly a buying opportunity?!Cath Davey, a rated technical...
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Last
0.1¢ |
Change
-0.001(33.3%) |
Mkt cap ! $1.947M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.1¢ | 0.1¢ | $2.495K | 2.495M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 64292524 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 22596873 | 7 |
View Market Depth
| Last trade - 11.06am 01/08/2024 (20 minute delay) ? |
| MTB (ASX) Chart |