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....
moving through the 23.5 high from a few weeks back. Love seeing charts with falling volume and then lifting out, see the volume at bottom. lots of risk on this one as they have drill results to come from their boda deposit .
chart indicates theres still some supply. More results in May indicate that this should setup nicely for a buy under 17. Look for that accumulation pattern from here. If that plays out, all well and good.
