MGT.AX (ASX)

MGT.AX ASX

Magnetite Mines

BUY

0.0640

Prev.Close

0.0620

Change

+0.0020

Change%

+3.23%

BULLISH HARAMI CROSS

Bought at

0.0640

Open

0.0630

High

0.0640

Low

0.0630

0.0640

0.00%

Signal History

Date	Price	Signal	Change%		AUD100⇨
17/09	0.0640	BUY	0.0%		89
05/09	0.0700	SELL	-8.6%	✔	89
29/08	0.0850	BUY	-17.6%	❌	109
21/08	0.0930	SELL	-8.6%	✔	109
19/08	0.0850	BUY	+9.4%	✔	100
08/08	0.0806	SELL	+5.5%	❌	100
30/06	0.0804	BUY	+0.2%	✔	100

† Trade commissions are taken as 0.20%.

Pattern & Confirmation Chart for the Last 6 Months

Signal Update

Today's recommendation from our system is to BUY. The BULLISH HARAMI CROSS pattern has finally received confirmation because the prices crossed above the confirmation level at 0.0630, and our valid average buying price now stands at 0.0640. The previous SELL signal was issued on 05/09/2025, 12 days ago, when the stock price was 0.0700. Since then, MGT.AX has fallen by -8.57%.

Market Outlook

We may be at a market bottom or at the beginning of a reaction rally. Let’s jump on our white horses and go for a bullish ride. Today’s candlestick has a white body and its close is above the confirmation level. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is likely the right time to join the bullish momentum. The market is signaling a potential new profit opportunity. Capitalize on this bullish opportunity without hesitation.

Pattern Description

This is a significant bullish reversal pattern, even more noteworthy than the regular Bullish Harami. The pattern’s outline resembles a pregnant woman, much like the Bullish Harami Pattern. In this case, however, the "baby" is a Doji. Essentially, the pattern consists of a black candlestick followed by a Doji that is entirely within the range of the preceding black body. more...

Date	Price	Signal	Change%		AUD100⇨
17/09	0.0640	BUY	0.0%		208
05/09	0.0700	SELL	-8.6%	✔	208
29/08	0.0850	BUY	-17.6%	❌	253
21/08	0.0930	SELL	-8.6%	✔	254
19/08	0.0850	BUY	+9.4%	✔	233
08/08	0.0806	SELL	+5.5%	❌	233
30/06	0.0804	BUY	+0.2%	✔	233
04/04	0.1129	QUIT	-28.8%		233
02/04	0.1228	SELL	-8.1%	✔	233
07/03	0.0922	BUY	+33.2%	✔ 👍	176
19/02	0.0923	SHORT	-0.1%	✔	176
17/02	0.0952	BUY	-3.0%	❌	182
18/12	0.1179	QUIT	-19.3%		183
11/12	0.1361	SELL	-13.4%	✔	183
03/12	0.1424	BUY	-4.4%	❌	192
04/11	0.1555	SHORT	-8.4%	✔	177
22/10	0.1736	BUY	-10.4%	❌	199
16/10	0.1702	SHORT	+2.0%	❌	204
09/10	0.1817	BUY	-6.3%	❌	218
27/09	0.1847	SHORT	-1.6%	✔	216
18/09	0.1915	BUY	-3.6%	❌	225
04/09	0.1944	SHORT	-1.5%	✔	222
29/08	0.2406	BUY	-19.2%	❌	276
16/07	0.2916	SELL	-17.5%	✔	277
12/07	0.2995	BUY	-2.6%	❌	285
09/07	0.2897	SELL	+3.4%	❌	285
01/07	0.2875	BUY	+0.8%	✔	284
04/06	0.3782	SHORT	-24.0%	✔	230
28/05	0.3809	BUY	-0.7%	❌	232
20/05	0.3686	SELL	+3.3%	❌	233
09/05	0.3413	BUY	+8.0%	✔	216
07/05	0.3080	SELL	+10.8%	❌	216
03/05	0.2721	BUY	+13.2%	✔ 👍	191
12/04	0.2668	SELL	+2.0%	❌	192
21/03	0.2646	BUY	+0.8%	✔	191
08/03	0.2717	SELL	-2.6%	✔	191
22/02	0.2646	BUY	+2.7%	✔	186
14/12	0.2862	SHORT	-7.5%	✔	174
01/12	0.3018	BUY	-5.2%	❌	184
21/11	0.4365	SELL	-30.9%	✔	185