{"id":56570,"date":"2010-05-05T11:32:56","date_gmt":"2010-05-05T01:32:56","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2010\/05\/05\/techwizard-sees-more-weakness-for-mgx-and-wtf\/"},"modified":"2010-05-05T11:32:56","modified_gmt":"2010-05-05T01:32:56","slug":"techwizard-sees-more-weakness-for-mgx-and-wtf","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2010\/05\/05\/techwizard-sees-more-weakness-for-mgx-and-wtf\/","title":{"rendered":"TechWizard Sees More Weakness For MGX And WTF"},"content":{"rendered":"<p>\n\tBy Rudi Filapek-Vandyck<\/p>\n<p>\n\tIn addition to his bearish view on global share markets in general, the TechWizard reports on Wednesday morning he has identified a few individual stocks that display bearish signals on price charts.<\/p>\n<p>\n\tEarlier today we published a story on Perpetual ((PPT)). In addition, the Wizard has sent us price charts for iron ore miner Mount Gibson ((MGX)) and online reseller Wotif.com ((WTF)) that do not exactly look pretty.<\/p>\n<p>\n\tAs far as Mount Gibson goes, the Wizard suggests now that the shares have fallen below $1.51 it is likely the market&#039;s focus will shift to $1.30 (possible later this week, he adds).<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/MGX.jpg\" style=\"width: 700px;height: 429px\" \/><\/p>\n<p>\n\tRegarding Wotif.com, the Wizard suggests breaching support at $6.30 probably means the shares are on their way to $5.10.<\/p>\n<p>\n\tThe Wizard reports he is at present not a shareholder in any of the companies mentioned.<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/WTF.jpg\" style=\"width: 700px;height: 429px\" \/><\/p>\n<p>\n\tSee also stories published earlier today &ldquo;Bearish Triangle Breakout For Perpetual, TechWizard Reports&rdquo; and &ldquo;4500 Looming For The ASX200&rdquo;<\/p>\n<p>\n\tThe TechWizard is the pseudonym of Scott Morrison, whose experience in financial markets exceeds twenty years. Morrison operates his own website nowadays at www.techwizard.com.au<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The TechWizard has identified two more prime candidates for traders looking to go short.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/56570"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=56570"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/56570\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=56570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=56570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=56570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}