MAG 5.97% 6.3¢ magmatic resources limited

Ann: 110Mt Mineral Resource Estimate for Corvette and Kingswood, page-97

  1. 839 Posts.
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    Price tapped into a daily order block which also coincides with weekly demand. This order block/ demand level is what caused a weekly break of structure on a closing basis (referenced by black line). If the weekly trend is up then I normally target weekly highs long-term (22c). Liquidity taken below multiple lows. Price reversing strong. If it closes the week around this level we will have a long tailed doli on weekly. Close above 9.4c targets 12c fairly quickly. All in my trading opinion!

    https://hotcopper.com.au/data/attachments/5425/5425210-55e741e2df6fbdce535f01df00070037.jpg

 
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