TRADESETUP

November 25, 2019

Buyers trigger the entry level with a strong open

Buy / Sell Triggered

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MGX opened strong to trigger the Buy Entry Level at 0.82 so the alert is now active. The Stop Loss is held at 0.75 and the current price is trading at 0.82.

Alert History

Original Buy Entry Alert 22/11/19

New Buy Entry Alert MGX

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $897.2 Million Market Cap, VWAP 0.78, ASX Ranking 272, 4 Week Av Turnover $3,745,524, Current Turnover (Intraday as at time of alert) $, PE 6.5, Div Yield 5.16%.

Company Overview : Mount Gibson Iron Limited (MGX) is an independent Australian producer of direct shipping grade iron ore products, with assets in the Kimberley and Mid West regions of Western Australia. The company has three major projects being Koolan Island and Extension Hill and Tallering Peak.

Broker Consensus : BUY/HOLD

MGX – Mount Gibson Iron

MGX is ready to hold higher levels and make a move up to new highs. We are now happy to buy on a push up through 0.82 with a Stop Loss at 0.75. If price falls below 0.75 prior to entry, we will cancel the alert and re-assess the action.

Stock Code : MGX – Mount Gibson Iron

Company Website : www.mtgibsoniron.com.au

Current Price : 0.785

New Potential Buy Entry (Trigger Level) : 0.82

Potential Sell Exit Zone (Stop Loss/Cancel Level) : 0.75

Status : On watch for Buy Entry Trigger

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