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Short Term Trading Week Starting: 10 May, page-126

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Lady Penny

13,121 Posts.

95

14/05/21

16:25

Post #: 53185127
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Originally posted by Batmansdaughter ↑

STTCOMP MGT TA Long

MC 193m
SOI 2.8b
CASH 4.1m, and option conversion this week
Activity. Iron ore miner/processor

MGT has been in a strong uptrend since January, after the initial breakout in August. Price has recently withdrawn to the lower quarter of the rising channel, and today we have the first green candle of the week. This indicates to me that the price will now continue to rise to meet the demands of the channel formation. Last famous words.

Target - high nine's.

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Thanks. Been holding a while now.
3 Upvote

0 Great analysis

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