Two bullish chart patterns I am looking at with MGX. A double bottom on the weekly and a cup and handle on the 4 hrly. Double bottom is likely in play already. Awaiting break out of the cup and handle. A medium term target of $1.00 around April time. I think if Chinese demand plays in to this earlier, we might see it sooner.
For the time being, looking at break out of $0.675 for this to pump.
DYOR and trade at own risk.
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Looks like we are popping the channel! That would confirm the C&H.
Trade active
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We did pop on the 4hr chart. This is on.
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Expecting a pullback to $0.585 and then a shot up to C&H break level