Hoofa’s chart is what most people that follow Technical Analysis will concentrate. Yes, it looks bad and if the assays won’t meet, the market expectations will look much worse because all the small to medium holders will give away their shareholdings.
Hold your horse Chris; wait until at least some of assays get to the ASX. I’m tempted to top up myself but what if am wrong.
I’m in the other camp, fundamentalist so what a graph indicates could be of used to a Fund Manager but I hardly ever made a decision looking at a possible trend on a graph. Some will say that I’ve lost brilliant opportunities and surely, I might agree.
What is important to me are, worthwhile projects, the people working for MEI at all levels and the use of the funds in a conservative way.
Hoofa’s chart is what most people that follow Technical Analysis...
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Last
22.3¢ |
Change
0.003(1.14%) |
Mkt cap ! $447.7M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.5¢ | 22.0¢ | $73.93K | 332.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 323061 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 193505 | 23 |
View Market Depth
| Last trade - 14.44pm 07/05/2024 (20 minute delay) ? |
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Last
22.0¢ |
Change
0.003 ( 2.09 %) |
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| Open | High | Low | Volume | ||
| 22.5¢ | 22.5¢ | 22.0¢ | 182241 | ||
| Last updated 15.02pm 07/05/2024 ? | |||||
| MEI (ASX) Chart |