MGV 2.74% 35.5¢ musgrave minerals limited

MGV - Chart, page-104

  1. 3,878 Posts.
    lightbulb Created with Sketch. 305
    Lazy Sunday afternoon I usually like kicking back and reading up on the STT for some inspiration.
    mmmmm......not today.

    Let's have a shot at a short term target for the breakout, assuming the good results keep on rolling in.
    I see a symmetrical triangle format with the following breakout calculation:
    3.7 to 10.5 = 6.8; Breakout 8.7 + 6.8 = 15.5 Target.
    My charting skills are pretty bare bones. Any other opinions would be much appreciated please.

    symmetrical triangle calculation.jpg
    mgv_ax06apr16_to_08oct16.jpg
 
watchlist Created with Sketch. Add MGV (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.