Day trading pre-market open September 4, page-4

With the @highlandlad opening blurb telling us that iron ore is up by 3% over the past week then the chart of the day could be MGX 0.435. The weekly chart has a band of trapped holders above from 50 to 54 cents but can be safely traded up to 50cents and then up to 60 cents once the trapped holders are bought out or decide to stay in instead of capping price at 50 cents. The share price itself has broken and closed above the 34wma the past two trading days and should well and truly test the 50cent and possibly 60 cents mark in the short term.Set an alert at the double top to gain from breaks higher. Expect a green candle today.
MXG 0.435 daily chart.