Some of the automated analysis from Commsec:
'Strong Bullish Trend
MXC appears to be in a strong bullish trend. Its 200-day moving average is upwards sloping and the MACD histogram is above 0 and rising - MXC is trading above its 20-day simple moving average.'
On October 30 the TGA will be officially rescheduling Cannabis; this will draw a significantly more attention to the med cann space - including investors wanting MXC shares.
This accounts for the movement this week IMO - on Tuesday we were trading at 4c and ran to 5c today. The additional upward buying pressure was likely from new investors coming on board as the Aus industry gets ready to go live. Today's retrace in the later part of trading is from holders cashing in profits as a result of the strong upward movement this week.
I'm still in this for the long haul and didn't take profits today. As PeterKing says: MXC is "Green Gold"
GLTAH
Strong Bullish Trend
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Last
30.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.58M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 31.0¢ | 30.0¢ | $2.567K | 8.41K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 47481 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 8026 | 2 |
View Market Depth
| Last trade - 15.53pm 21/06/2024 (20 minute delay) ? |
| RGT (ASX) Chart |