MAG has been a good stock to chart over the last few months it exhibits some very basic trend following techniques..lower highs, lower lows during the down trend, along with clear trend lines and Fib numbers...and now based on those same observations it appears to be trending back up..there`s been a higher high at 25.5c which broke through the down trend line followed by a lower low at 16.5c....25.5c is the current 62% Fib resistance needed to get through for a target of 37c (the next 62% Fib).
MAG Chart
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