A reasonable outlook on the key variables affecting SP:
That rat named POG looks like it's set to gain momentum after falling off a cliff: hasn't breached the resistance around 1350 in the past 7 weeks. At a speculative guess with fingers crossed it will be a steady crawl back to the long term trend over the next 7.
Imo it's unlikely the announcement of a drill program will see any substantial SP gain other than the usual 3 day spike, on the plus side any drill rod put in the ground has more than a 50% chance of increasing the resource.
The shorters have made a mint the past month but remember for every short there is a delayed buy of equal volume to cover the borrowed stock. My 2 cents is SP will bounce around the 3.2 level for the next few weeks before we can expect a sharp jump up to 4+ and the uptrend begins.
Fair to assume the MD will keep his finger off the dilution button, any thought of accelerating this down trend is likely to cause a mutiny...
- Forums
- ASX - By Stock
- sp could fall below recent low 3.4 cents
A reasonable outlook on the key variables affecting SP:That rat...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add MYG (ASX) to my watchlist
(20min delay)
|
|||||
Last
75.3¢ |
Change
0.003(0.33%) |
Mkt cap ! $68.83M |
Open | High | Low | Value | Volume |
75.3¢ | 75.3¢ | 75.3¢ | $8 | 10 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1351 | 74.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
75.0¢ | 23000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1351 | 0.740 |
1 | 4281 | 0.735 |
1 | 5000 | 0.710 |
1 | 3000 | 0.705 |
1 | 1400 | 0.700 |
Price($) | Vol. | No. |
---|---|---|
0.750 | 23000 | 1 |
0.805 | 3531 | 1 |
0.810 | 10675 | 1 |
0.820 | 5933 | 1 |
0.830 | 8059 | 1 |
Last trade - 12.13pm 04/10/2024 (20 minute delay) ? |
Featured News
MYG (ASX) Chart |