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


Roger Cole devised a method to use rally and reaction days. Cole disregarded inside and outside days to find three rally days in a row or three reactions in a row. This is like three soldiers or three crows in candlestick pattern analysis, except Cole allowed for inside or outside days to intervene. Three soldiers and three crows, while rare, are extremely reliable. So Cole gave us some relief from a strict definition, but traded off increased frequency at the expense of reliability. Cole also used moving average crossovers to augment the two-day (rally, reaction, inside, outside day) results.

Calculation: Coles Reaction Day:
1) Rally Day: High > High yesterday & Low > Low yesterday;
2) Reaction Day: High > High yesterday & Low < Low yesterday


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:

Cole's Reaction Day

Download button icon Download
Company Close Change (%) Volume Value Signal
MSB Mesoblast 2.05 9.6 2,675,778 0 NEUTRAL
CLQ Clean Teq Holdings 0.53 9.4 1,474,360 0 NEUTRAL
BFC Beston Global Food 0.19 8.8 150,835 0 NEUTRAL
PSQ Pacific Smiles 1.61 8.8 13,331 0 NEUTRAL
GSC Global Geoscience 0.29 7.4 9,109,772 0 NEUTRAL
CUV Clinuvel Pharmaceuticals 22.52 6.2 195,325 0 NEUTRAL
RAP Resapp Health 0.21 5 3,175,366 0 NEUTRAL
VOC Vocus Communications 3.22 4.9 4,536,573 0 NEUTRAL
SLR Silver Lake Resources 0.55 4.8 815,366 0 NEUTRAL
APX Appen 14.21 4.3 724,925 0 NEUTRAL
back to top