This will probably sound really weird but MTL showed amazing strength today - yes we ended up slightly down but these are the key points I found most pleasing:
1. VWAP 32.59
2. All Ords off over 1% and compounded by the usual Friday selling
3. New high of 34c hit
4. 800k were bought on Thursday @28c - profit taking is to be expected and these were absorbed at much higher prices - free float is shrinking by the day
5. Significant volume of over 2m+
In order for MTL to go up, a small pullback such as occurred today is necessary - this consolidation is actually healthy and will ensure future price appreciation is sustainable - would really appreciate any TA on the future direction of the stock if anyone is able?
Jethro
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.39M |
Open | High | Low | Value | Volume |
0.1¢ | 0.2¢ | 0.1¢ | $3.125K | 2.625M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
124 | 429737260 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 38044595 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
94 | 373792388 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 46605032 | 37 |
0.003 | 89172740 | 54 |
0.004 | 22396343 | 21 |
0.005 | 28265446 | 15 |
0.006 | 10238268 | 9 |
Last trade - 12.33pm 04/12/2024 (20 minute delay) ? |
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MTL (ASX) Chart |