Interesting MGX up through that resistance level on open when FMG down - but hey I don't mind!
Auto your comment makes me think of one of my favourite movie scenes - Alec Baldwin's ABC speech in Glengarry Glenross - its an absolute cracker. ABC in sales speech of course refers to Always Be Closing - in trading I think of that acronym as Always Be Confirming. Confirmation of resistance break is for price to close above that resistance. Even better confirmation is for price to backtest that resistance turned support. So I'll be watching technically for that in relation to 23.0/23.5, but if confirmed then we can expect to see price test 26.0 - the most obvious short term driver for that is sustained or increasing IO spot price movement.
For anyone interested, a link to a YouTube clip of that movie scene. If you don't like the f word, don't watch...
Cheers, Sharks.
iO hit 70, page-7
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Last
31.3¢ |
Change
-0.008(2.34%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 32.0¢ | 31.0¢ | $51.07K | 162.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 303570 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 50458 | 13 |
View Market Depth
| Last trade - 12.27pm 04/12/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
