MGT 5.56% 19.0¢ magnetite mines limited.

MGT share price, page-11533

  1. 106 Posts.
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    oh well well well, See where we are now! Its a shocker isnt it lads? (No its not). The TA dude Triddu or whatever his name is completely on the spot with his TA.

    Head and shoulders were in play during March (money plays).

    There's SO MUCH ROOM! For this to drop. There's definitely gonna a rebound in the next couple of weeks, but during those weeks, the SP is going to drop further, so the rebound isn't going to be a big jump to 0.03+ levels, probably around 0.025, 0.027 (maybe 0.028, due to the hype of the moment but that's it). The simple chart TA itself has plenty of room for it to drop further down till August and in consideration of the rate hikes during these upcoming months (July/August), it could break those levels that have been suggested above.

    The pressure of OBV is going further down, RSI is close around the 30% range therefore there'll be a small rebound as I said earlier, chart tells there's more growth towards downwards.
 
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