Australia's largest stock trading and investment forum Australia's #1 stock forum

MGV

Click for more information

2.74%

35.5¢ musgrave minerals limited

Aussie Gold Explorer of 2019, page-34

First 34 Last

Share
Profile

Follow
Harley64

85 Posts.

12

22/02/19

11:56

Post #: 37529988
Share

Originally posted by slange: ↑

My computer skills are somewhat limited,so a chart I cannot post.
Regarding technicals you should have charting capabilities on your platform and if you can find the rsi which is a strength index you should be able to check back in time and correlate the rsi to decent tops and bottoms.
If you go back to 14 Jan then you would see a top at .115 with an rsi reading of 76.66 which indicates an overbought situation.
The same thing happens when its oversold with the inverse happening with the rsi.
Then just check back historically on any stock you want.
It doesn't work all the time but its generally a pretty good guide.
There's a host of signals out there.It depends on what suits your style.
You just have to put the time in to find out.
Looking at mgv now its having a nice little pullback and the high of the previous range was .085 so as the old saying goes that tops become bottoms once that top has been surpassed.
So if .085 holds then its a decent sign because it will be retrenching less than 50% of the little rally we've just had and 50% is the main resistance point of any move.

Expand

The .085 hasn't held. It's falling on decreasing volume though.

MGV Price at posting: 8.1¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

HotCopper Highlights: Your most watched stocks for Week 47, 2024

There are more pages in this discussion • 25 more messages in this thread...

First 34 Last

Add MGV (ASX) to my watchlist