Long position initiated based on the following:
1) Ascending triangle testing resistance 3 times at $1.210-1.230; usually a continuation pattern
2) Price retested horizontal support and bounced
3) 16th May breakout coincided with increased vol ~4x the previous day
4) Previous historical high from Feb 2014 broken
5) Moving averages all heading up steadily with good momentum
Target:Height of ascending triangle ~ $1.560
MGX Chart, page-16
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
43.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $523.8M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.5¢ | 43.0¢ | $89.22K | 207.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1278 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 58576 | 4 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |