MGX 2.08% 70.5¢ mount gibson iron limited

Long position initiated based on the following:1) Ascending...

  1. 30 Posts.
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    Long position initiated based on the following:

    1) Ascending triangle testing resistance 3 times at $1.210-1.230; usually a continuation pattern
    2) Price retested horizontal support and bounced
    3) 16th May breakout coincided with increased vol ~4x the previous day
    4) Previous historical high from Feb 2014 broken
    5) Moving averages all heading up steadily with good momentum

    Target:Height of ascending triangle ~ $1.560

    https://hotcopper.com.au/data/attachments/1558/1558850-8fdf3f2337cf15e4b8af0f7142d2adbd.jpg
    https://hotcopper.com.au/data/attachments/1558/1558854-bc3be3cea8219b04aa34484c1c12f8c1.jpg



 
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Last
70.5¢
Change
-0.015(2.08%)
Mkt cap ! $816.1M
Open High Low Value Volume
73.5¢ 74.0¢ 68.5¢ $3.368M 4.773M

Buyers (Bids)

No. Vol. Price($)
2 19685 70.5¢
 

Sellers (Offers)

Price($) Vol. No.
71.0¢ 315070 3
View Market Depth
Last trade - 16.10pm 18/10/2019 (20 minute delay) ?
(live)
Last
70.5¢
  Change
-0.015 ( 2.07 %)
Open High Low Volume
73.0¢ 73.8¢ 68.5¢ 1237952
Last updated 15.59pm 18/10/2019 (live) ?
MGX (ASX) Chart
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