MGT Chart 2021, page-524

So far so good. Friday initial target of 9.3c almost hit today (!) and no PFS in sight yet. Indicators are looking good imo for it to keep running, so we'll keep monitoring it's progress.

Revised targets based on today's weekly chart are 9.7c for the bollinger band target, and 11.2c for the channel line target (these targets increase in an upward sloping channel as new price data comes in). The ascending triangle target remains the same at 11.1c.

Charts below.

Weekly:

Continuation of Friday's price action, with MACD, RSI and Elder Force continuing to be bullish. Resistance at 7.87c convincingly cleared today. Price is approaching upper bollinger band (Once it starts getting past the bollinger, it's a good idea to start going on the alert for pullbacks, as that's the natural tendency of prices once that happens. It will depend on the levels of buying as the trading unfolds, but it's good to keep that in mind). Overall still looking good.



Daily:

again the MACD, RSI and Elder Force indicators are all looking strong. Again a pullback is worth looking out for as price is well out of the bollinger band and could look to pull back once it hits the daily channel line at 9.63c (on this channel), which is similar to the weekly bollinger band target. If it does pull back though I'd expect it to pull back to the green 3 day EMA (because it's having strong run and prices tend to favour the 3 EMAs as pullback points in strong runs). The 3 day EMA is currently at 8.16c.