MGT magnetite mines limited.
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1. Falling wedge patterns formed from an uptrend are generally...

  1. Turiddu
    404 Posts.
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    01/06/22
    15:29
    Post #: 61757305
    1. Falling wedge patterns formed from an uptrend are generally bullish / continuation pattern (60-70% of the time)
    2. In general, share price returns to the point of break down (around .04 for MGT)
    3. What I hope is that we bottom out in the mid to low .02s, breakout of the falling wedge pattern and then continue with the uptrend back to .04

    Chart pattern info sourced from Thomas Bulkowski, Chart Patterns
    https://hotcopper.com.au/data/attachments/4394/4394902-62e6cb72fc10594474dd7b9ea9c1968b.jpg
    MGT Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 10  Great analysis
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8.5¢ 		Change
0.000(0.00%) 		Mkt cap ! $10.28M
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9.0¢ 9.0¢ 8.5¢ $13.87K 155.8K

Buyers (Bids)

No. Vol. Price($)
2 6137 8.5¢
 

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Price($) Vol. No.
9.0¢ 165931 2
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Last trade - 15.53pm 25/06/2025 (20 minute delay) ?
MGT (ASX) Chart
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