TRADESETUP

January 14, 2019

Buyers stack up and look ready for action as price holds higher levels

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Potential Buy Entry Alert to Watch MGV

Time Frame : Daily/Weekly


Sector : Materials/Basic Materials

Key Stats : $42.55 Million Market Cap, VWAP 0.115, ASX Ranking 1110, 4 Week Av Turnover $54,267, Current Turnover (Intraday as at time of alert) $195,350.

Company Overview : Musgrave Minerals Limited (MGV) is an Australian-based exploration company focused on base metal, gold and silver exploration in the provinces of the Musgrave Range and Gawler Craton regions of South Australia and the Fraser Range of Western Australia.

Broker Consensus : BUY

MGV – Musgrave Minerals Limited

MGV is showing good signs from the buyers as price holds higher levels both on the daily and weekly timeframes. We see the that buyers are putting in the groundwork but still have some work to do. Watching for a higher low for the entry (Refer to chart).

Stock Code : MGV – Musgrave Minerals Limited

Company Website : www.musgraveminerals.com.au

Current Price : 11.5

Status : On watch for potential higher low and buy opportunity

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