When there's a bit of move on news and the move is exaggerated. I feel the buyers solely on technical 'analyis' come in. The price ramps. Then as soon as any 'news' that hadn't thought of (which is just about everything) they dump it. I've seen this a lot in other stocks with good fundamentals but noting worth that type of SHORTERM rise. It seems to be particularly prevalent on market up days.
We hadn't seen this here.
It puts me in two minds as to whether to sell some into the strength. The converse of what they intend however, if the general trend is up I am prone to get caught out.
When there's a bit of move on news and the move is exaggerated....
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Last
56.8¢ |
Change
0.028(5.09%) |
Mkt cap ! $503.0M | |||
| Open | High | Low | Value | Volume |
| 54.5¢ | 57.5¢ | 54.0¢ | $890.1K | 1.580M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 20108 | 56.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.0¢ | 173100 | 12 |
View Market Depth
| Last trade - 11.24am 03/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |