MGX 1.19% 42.5¢ mount gibson iron limited

Not much on what goes on with the company fundamentally but i do...

  1. 9,861 Posts.
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    Not much on what goes on with the company fundamentally but i do like the repeating ranges happening here and i notice its close to the top of the ascending triangle.
    Risk is about 10% which a bit high , however good intra day entries here could set you for what could be an attempt at break out and completion of the 3rd speed angle taking you possibly to 450
    This is a hot sector at the moment so break outs are usually very strong. Some of your rivals in the sector are either topping or already in breakout phase so one would think your turn is coming
    Hope it helps, and its on my radar over the nex few days
    have fun

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