retraction, page-2

After the mitsi announcement it had a range from 4.80 to 6.26 high.
It bounced off the 68% retracement of 5.27 like clockwork and looked for a while it might go higher.
I didnt like the way it closed it crashed through that 5.27 too easily and now may look at closing some of the gap.
A lot of resource stocks with no or poor earnings got hammered,interesting that MGX closed higher out of the irons.