The volume has been quite low on this and the buyer and seller gap is quite big, therefore we seem to be getting large jumps in the share price and this has reflected in the technicals. You can see on aussiebulls the buy, sell, buy action only in the last 10 days. Therefore I cant really rely to much on the technicals and I also will be waiting for the quarterly to see where I will go next with this stock.
Link to aussiebulls: http://www.aussiebulls.com/StockPage.asp?CompanyTicker=MGY.AX&MarketTicker=Australian&Typ=S
MGY Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
