The issue as I see it is one of VOLUME, which really equates to a lack of buyers in the market. This results in frustration from any wanting to sell, for whatever reason, eventually seeing some of these exit at any price. The absence of willing buyers means the SP falls.
Essentially the market is holding back to "see the goods", resulting in this standoff.
I still have a parcel of options which I cant sell due to lack of volume out there, & so will keep holding till better times, which I am sure will come.
In the meantime, we some pretty cheap entry/top-up opportunities around for any who are believers in the mediu-term future of this stock.
Technically, look for any rejection of the low coming from the market. This final "flush out" will will give technical traders an buy in signal, and see new entrants to the register ... a good thing!
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Last
80.5¢ |
Change
0.005(0.63%) |
Mkt cap ! $73.63M |
Open | High | Low | Value | Volume |
80.0¢ | 81.0¢ | 79.5¢ | $53.19K | 65.96K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2525 | 79.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
81.0¢ | 10675 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2525 | 0.790 |
1 | 12820 | 0.780 |
1 | 4000 | 0.770 |
1 | 3800 | 0.765 |
1 | 2000 | 0.750 |
Price($) | Vol. | No. |
---|---|---|
0.810 | 10675 | 1 |
0.820 | 5933 | 1 |
0.830 | 8059 | 1 |
0.835 | 6655 | 1 |
0.840 | 2964 | 1 |
Last trade - 15.50pm 27/09/2024 (20 minute delay) ? |
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MYG (ASX) Chart |