MGT magnetite mines limited.
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Ooh. Be wary about that catalyst. The long green stick candle...

  1. maxtoday
    106 Posts.
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    26/05/22
    20:23
    Post #: 61646887
    Ooh. Be wary about that catalyst. The long green stick candle and the recent candle, a small bearish divergence I see.

    Also having a horizontal ray on the ATH on the 13th of may candle and see if it breaks those levels again in the next week or so. If it does, I personally reckon it's a bullish presentation, but if it drops from there, it's going to drop further due to a 'M' formation making.

    Possibly a distribution wykoff situation going on for medium-long term.
    MGT Price at posting: 2.7¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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