Mount Gibson Iron (MGX)

Download button icon Download

Mount Gibson Iron (MGX): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

[BULLISH]: Mount Gibson Iron has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Apr 12 2018.



The Tricklar long term trend indicator (T3) highlights the peaks and troughs associated with a combination of peaks and troughs contained within the third timeframe. As such, successive rallies penetrating preceding higher peaks whilst cancelling preceding low points offer a BULLISH indication in the third time frame. Conversely, failure of rallies to penetrate previous high points whilst maintaining prices below the previous low points indicates BEARISH trends in the third timeframe. The way in which multiple timeframes should be integrated in a complete analysis emphasises an important principle that applies to all technical analysis. The investor should always analyse a market from the big picture down to the level at which trading decisions are made. Trends can exist in many timeframes. Short term trends can therefore be seen together as part of a medium term trend and, in turn, medium trends can be seen together as part of a long term trend.

Calculation: Tricklar long trend (T3):
1) [BULLISH] An uptrend is a succession of higher peaks and higher troughs in the third timeframe;
2) [BEARISH] A downtrend is a succession of lower peaks and lower troughs in the third timeframe;


PROFILE: Mount Gibson Iron (MGX.AX)


Stock Exchange: ASX
Company: Mount Gibson Iron
Ticker Codes: | MGX.AX | ASX:MGX |

About Mount Gibson Iron (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.

Top 10:

3rd timeframe trend

Download button icon Download
Company Close Change (%) Volume Value Signal
EMH European Metals Holdings 0.4 12.9 50,755 1 BULLISH
SLR Silver Lake Resources 0.57 9.6 4,014,673 1 BULLISH
PLG Propertylink 1.15 9.5 5,084,725 1 BULLISH
ISX Isignthis 0.18 9.4 204,166 1 BULLISH
CNI Centuria Capital 1.39 6.1 207,220 1 BULLISH
CAB Cabcharge Australia 2.4 5.7 194,554 1 BULLISH
FET Folkestone Education 2.97 5.3 499,659 1 BULLISH
GXL Greenross 3.79 5.3 4,553,920 1 BULLISH
SAR Saracen Mineral 1.98 5.3 12,454,538 1 BULLISH
RCR RCR Tomlinson 1.13 5.1 1,860,447 1 BULLISH
back to top