MFE
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0.00% 1.0¢ magnetite mines limited

Strong volume this morning on a down day. Looking to break out...

  1. donncham01
    62 Posts.
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    10/08/10
    12:02
    Post #: 7002061
    Strong volume this morning on a down day. Looking to break out of 23-25cent consolidation range. I bought some more this morning at 25c as they are a bargain at this price. Lots of news coming soon, and 25 cent will be new support with next short term target of 28 cents. Then next resistance at 32 cents. Hopefully this is achievable by the end of August. With a strong resource statement, then this is easily attainable. Would be great to challenge 12 month high of 44 cents!

    Cheers, donncham
    MFE Price at posting: 25.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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