Mogo Chart analysis

Onko

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16_11_07_Mogo_chart.png


As a result of the outbreak over the red downtrend line at 0.963 EUR and a week-end price significantly above, an entry signal was generated that currently results in a new high at 1.20 EUR. The next targets are activated at 1.500 and 1.750 EUR and then go up to the 61st Fibonacci retracement at 1.95 EUR. Based on the current price level that would be an increase of almost 70%. In the medium term, 2.25 (ca.100%), 2.70 (ca.130%) and later also 3.59 (ca.210%) EUR could be possible targets.
Should the stock return to the range of 0.96 EUR again, we would get good entry possibilities with an excellent opportunity / risk ratio. Prices should not fall below 0.89 EUR anymore.
 
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