STTCOMP MGV, TA Long
Musgrave Minerals (ASX: MGV)
Gold and Base Metals Explorer
SP: 7.9c
MC: $14m
Cash Circa $5m
I am using @nambo1 chart here his charts are forking excellent. On first glance I thought a cup and handle may be forming.
But the more I look at the chart I think a possible ascending triangle. There is a trading range at play before it possibly plays out however support around the current price is key. Most buying and selling has been off screen so we will see. Very strong fundamentals give weight to possible outcome.
