Mount Gibson Iron (MGX)

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Mount Gibson Iron (MGX): Signals

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Summary

[BEARISH]: Mount Gibson Iron has formed a Black Marubozu candlestick. This means, MGX has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.



This candlestick represents extreme bearishness and is characterized by a long black body having no shadows on either end.

[Calculation] Black Marubozu Candlestick:
1) The body of the candlestick is black and long;
2) There are no upper or lower shadows;

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