[BULLISH]: Mount Gibson Iron has formed a White candlestick. Normal buying pressure highlighting buyers were in control.
This candlestick implies normal buying pressure and shows that prices advanced during the day from open to close and the buyers were in control.
Calculation: White Candlestick Pattern:
1) The body of the candlestick is white with normal length;
PROFILE: Mount Gibson Iron (MGX.AX)
Stock Exchange: ASX
Company: Mount Gibson Iron
Ticker Codes: | MGX.AX | ASX:MGX |
Mount Gibson Iron Limited, together with its subsidiaries, engages in the mining, exploration, crushing, development, transportation, and sale of hematite iron ore deposits in Australia. The company primarily operates the Koolan Island hematite mine situated in the Kimberley coast of Western Australia; and the Extension Hill hematite project located in the Mount Gibson range in the mid-west region of Western Australia. Mount Gibson Iron Limited was founded in 1996 and is based in West Perth, Australia.
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