MGT 5.77% 27.5¢ magnetite mines limited.

Didn't expect sp to drop so hard so quickly...I'm a...

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    Didn't expect sp to drop so hard so quickly...I'm a bit puzzled by the RSI and volatility oscillators as volatility has broken out (4% to 60%) to the upside but RSI hasn't really moved downwards as you'd expect...it either appears this is a fake out / tree shake or we've started a significant next leg down and we have much much further to fall...RSI is 40 which is reasonably strong. Previous bottoms RSI bottoms out at around 20-25 which means there is a potential for a lot more downside. If we lose .50 the next support is around .30
 
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