Possible retrace to support levels here, but looks like the first, $31, will be taken out and it'll cross the 50 day moving average (yellow).
RSI is at 31, but MQG likes to plunge lower at significant lows before turning up.
Stochastic too is approaching oversold, but I dare saw there's a couple of dollars to go first.
I'm watching 50% fib $26.50 which neatly offers previous support. Below that, not much of a safety net until $20, if it dips that far.
An alternative Bullish scenario is it'll bounce off the lower Bollinger band... but I'm not holding my breath with markets generally correcting.
:(( Good luck everyone.
short selling, page-14
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Last
$229.98 |
Change
4.120(1.82%) |
Mkt cap ! $87.34B | |||
| Open | High | Low | Value | Volume |
| $232.50 | $234.92 | $228.54 | $175.5M | 760.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13416 | $252.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $206.99 | 1154 | 5 |
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| Last trade - 15.59pm 07/11/2024 (20 minute delay) ? |
| MQG (ASX) Chart |