As expected, we saw resistance materialise at the 23.0/23.5 level, resulting in a candle with quite a tall shadow. However on a positive note the volume has been trending up, and with a volume of around 5M yesterday, I expect a decent proportion of that latent supply has been soaked up, reducing any remaining resistance for demand to push through on the next attempt. So long as IO prices don't suddenly drop, that resistance should go fairly soon.
Cheers, Sharks.
As expected, we saw resistance materialise at the 23.0/23.5...
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Last
31.5¢ |
Change
0.010(3.28%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.5¢ | 30.0¢ | $296.8K | 964.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 101000 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 242807 | 6 |
View Market Depth
| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
