MGT magnetite mines limited.

putting all the shit talk aside, what does this chart tell you?...

  1. 404 Posts.
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    putting all the shit talk aside, what does this chart tell you? I'll tell you what I see:

    1. parabolic run with a blow off top
    2. practically nil support between the ATH and .25

    what will mostly happen over the next 2-5 months?

    1. Retest of the 50% level which is roughly .54
    2. If the 50% level does not hold then a retrace to .235
    3. big green candles will likely be followed by big red candles

    if I were a HIO holder I would be taking some money off of the table before the inevitable retrace. I bet the smart money is already off loading its inventory to the late to the party retail investors (so called dumb money)

    if you want to do something useful @Tcb007 bugger off from the MGT forum and stop being a pest and go back to the HIO forum and suggest to HIO investors (especially late comers) that they put a stop loss in place.
    https://hotcopper.com.au/data/attachments/4319/4319737-ecff6b687619453a70c6fe021c0eb344.jpg
 
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(20min delay)
Last
8.6¢
Change
0.001(1.18%)
Mkt cap ! $10.53M
Open High Low Value Volume
8.6¢ 8.6¢ 8.6¢ $198 2.3K

Buyers (Bids)

No. Vol. Price($)
1 15984 8.6¢
 

Sellers (Offers)

Price($) Vol. No.
9.0¢ 257719 2
View Market Depth
Last trade - 15.37pm 30/07/2025 (20 minute delay) ?
MGT (ASX) Chart
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