ASX stock Analysis MGX

ASX stock Analysis MGX

Time Frame : Weekly Chart

Watching for Buy Entry Setup

MGX is very strong on the longer term weekly timeframe as buyers start the march higher off a higher low (75 cents). The 60 cent level was key support and the move off a dollar (in our trusty two stages) has cleaned out a lot of buyers. We are now watching the lower timeframe daily chart for the higher low and buy entry setup.

Stock : ASX stock MGX

Current Price : 0.89

Status : On watch for a move above 1.00