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2018-04-14_MGX Minerals

We reported back in Dec 2017 about MGX Minerals –  presenting itself as a a developer of lithium, magnesium and silicon projects using innovative processes to supply the new energy economy – preparing to break above $0.9. Four months later and after a spike to $1.6, the stock price is back to the long term support that goes back to Nov 2016. This last line of defense should hold in order to prevent a deeper price decline. Due to strong evidence on the daily price chart (not shown) we now expect MGXMF to soon break above the falling resistance (red line) and to bounce off the blue supporting line.

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