Pretty cool how these funnel patterns work out. There is nowhere left for the price to go except out. The long term rising trend is holding so I will say up. Currently stuck at resistance. . . Curiously gold was up almost 1% on Friday night and Aussie junior stocks go nowhere. Profit taking? Haven't included the short term chart for MGV before but this is also in an interesting position. Here is the short term chart and a reversal from here is off a double bottom but struggling to crack the trend. Support kicks in at 33c. 32c is two levels of support and a double bottom on the chart above. MGV is a coiled spring. .
MGV Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
