MGX 0.00% 32.0¢ mount gibson iron limited

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  1. 4,582 Posts.
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    Ramping up stock is all well and good nmg but remember to sometimes also read between the lines of other posters as it may be useful to your trading. If the support at .42 is lost there will be a quick downward break and support levels, as MGX has been traded in recent times (3 weeks), will be anywhere between the 36c to 38c level. I have designated this 2c range as the main support as it is viewed as being the most accumulated support range over the last few weeks. Again there is not a great deal of strength at even these levels but it should hold. Somewhere here, if it reaches this range, myself and partners in crime alike will bounce back in. The rights issue again 'does' not mean diddly.

    Cheerio Nikess.
 
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