Time for a new thread after yesterdays wild one...
As mentioned yesterday afternoon, there seems to be a little swing in Buy/Sell ration atm, for the better.
We all know it can change quickly but it is nice to see a few footholds along the way and not a lot of resistance on the way to 33c and beyond.
As it sits, there is more than double the buyers within 5 price points of the SP than sellers (900k:430k) and only 750k shares between here and 33c.
As we know, it's still very early for charts to mean a hell of a lot, fundamentals are almost irrelevant and this is being driven purely on exposure to Artemis.
The way the SP is slowly dribbling at the moment I am reasonably happy that either:
a) A lot of people believe this is cheap as chips; b) A lot of people are deep in the red and aren't prepared to flood the market with shares that would blow out their pockets.
Either way, it bodes well for me at present.
Good luck to all holders.
MOG Price at posting:
24.1¢ Sentiment: Buy Disclosure: Held
