ositrades

MGX for the double bottom win - W

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ositrades Actualizado   
ASX:MGX   MOUNT GIBSON IRON LIMITED
Two bullish chart patterns I am looking at with MGX. A double bottom on the weekly and a cup and handle on the 4 hrly. Double bottom is likely in play already. Awaiting break out of the cup and handle. A medium term target of $1.00 around April time. I think if Chinese demand plays in to this earlier, we might see it sooner.

For the time being, looking at break out of $0.675 for this to pump.

DYOR and trade at own risk.
Comentarios:
Looks like we are popping the channel! That would confirm the C&H.
Operación activa:
We did pop on the 4hr chart. This is on.
Comentarios:
Expecting a pullback to $0.585 and then a shot up to C&H break level
Orden cancelada
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