$MGT

By gillman_hugh
Updated
MGT

Magnetite iron ore play in South Australia with 5Bln tonnes.


-Falling Broadening Wedge (Bullish)
-0.168 Fib Reversal
-targets marked on Chart

Plan,
Buy on break of falling resistance for confirmation at approx 0.038 entry.
Invalidation of trade or breakout @ approx. 0.035

Trade closed: stop reached
Stop reached. But may be sizing up here for another go.
Comment
Still on at marco 618 fib reversal zone
Trade closed manually
ASXChart PatternsdaytradingIRONMGTreversaltradingTrend Analysis

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