AsimMirzaTrader

MAG - Bullish Trade Plan

Long
ASX:MAG   MAGMATIC RESOURCES LIMITED
MAG plummeted hard but seems that it has managed to find support at the 78.6 Fibonacci Retracement level. This is a positive sign and any bullish price action should provide confidence to get long. My initial target would be $0.180 (potential 30% gain) with a tight stop below the current swing low.

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.

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