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MX1 Anything below 20c and I'll be right out. 15% risk, with...

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demoniaco

6,340 Posts.

250

13/02/20

14:27

Post #: 42913853
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Originally posted by demoniaco: ↑

MX1 - Entered at 22.5c

A rushjob of FA/TA:
20c cap raise of $16m to private investor only.
They sold $780k of equipment to 2x Asian governments relating to coronavirus, leaving a good spec story for future growth hype.
Opened above the horizontal @ 20c and hit the 27c, pulling back and 22.5c is the 38.2% fib level.

If it's as hype and bullish as other nCoV news, this should move into the afternoon or at least tomorrow.

34c is the top end of the trade - will rely heavily on 3pm+ volumes if market likes what it sees.

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MX1 Anything below 20c and I'll be right out. 15% risk, with good potential upside.
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