#MAG Penny run for end of cycleMAG is a penny kaunter, after a long downtrend, the downtrend line broken forming a range. Bullish buying seen as volume spike in rallies. A recent low volume spring is negated by a strong buying pushing price up into the range. After completed 1 cycle of Elliot wave, the price stopped at fibonacci level 0.5 formin yet another reaccumulation range. Buying volume once again push price upward for a potential larger wave 3. Price objective calculated through pnf is 0.18 coincide with wave 3.
