Potential Buy Alert MGX

MGX – Mount Gibson Iron Limited

MGX has been held up off 0.36 as buyers edge into the market. With Iron Ore’s recent rally on speculation over strengthening demand and weakening supply for steel product, we expect to see further buying pressure. Watching now for a higher low to build for a buy entry setup.

Stock Code : MGX – Mount Gibson Iron Limited

Company Website : www.mtgibsoniron.com.au

Current Price : 0.39

Status : On watch for buy entry setup