Agree with your comments Tokyo - very encouraging the way it sliced through 70 cents today and I have a similar view that once word gets out with Insto + mum & dad investors, that a price comfortably over $1.00 is achievable in the near term.
Taking a chartists perspective: We had a brief flirtation over the 60 cent mark back in November before a sell-off and then the stock spent half of January knocking on the door of 60 cents before finally breaking through that price barrier. Now with such an effortless close above 70 cents, suggests a good chance it could cruise on up to the next target at 80 cents which has been a historical level of both support and resistance in the period 2012 to 2014.
Last Chance under 70c, page-28
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Last
30.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.5¢ | 29.5¢ | $170.6K | 567.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15031 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 211701 | 3 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
