Totally lost momentum, looks like the chart is correct ,buyers should hold back (according to the chart !) and then quietly accumulate at around 2.4c .Off coarse company factors come into it such as why did it run in the first place and has the expectations been meet. Given the failed drill program and confirmation of no forward progress in the latest presentation by the New Management Team one cannot see anything to support a 3rd leg resurgence .Its external factors that now need to be followed when looking at this stock such as ,the company share chart ,resource sector trend and gold price. There are some very good signals of a resource sector revival, gold has surprised and held its ground . This stock will move upwards later most in the revival cycle.
MYG Price at posting:
3.2¢ Sentiment: Sell Disclosure: Held
