Its a BUY

MGC.AX
ASX
MG UNIT TRUST UNT
Last Signal: BUY
Last Close:
0.9700
Change:
+0.0600
Percent change
+6.59%
Signal Update
Our system’s recommendation today is to BUY. The pattern finally received a confirmation because the prices crossed above the confirmation level which was at 0.9100, and our valid average buying price stands now at 0.9420. The previous SHORT signal was issued on 27/04/2016, 26 days ago, when the stock price was 1.50. Since then MGC.AX has fallen by -36.99%.
Market Outlook
The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance. more...

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