Thats it! If Elliot Wave theory proves at all correct then the 1.5 year long, 5 wave downward structure, should be over. Falling wedge now terminated with a small pop from below 9c back to 10c, with absolutely no news. Grinding sideways in anticipation of positive news to come, eventually, to likely catalyse an initial move to 12.5-14c where immediate resistance sits. Unless there is some left field, black swan news that PD has retired or Wellington has disappeared etc, then the TA of a volatile spec may somewhat resemble the green arrows below.
All IMO, GL
MAG Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held
