re: back to 40 cents
Nice little flurry towards the close...
Not sure if it was over-excitement however, or perhaps just a single buyer keen on picking up stock ahead of others?
Anyone who understands intra-day trading patterns should recognise the importance of today's stats...as such, in my opinion there exists the possibility for a big day tomorrow.
A good chance however that we might see a rather subdued or negative start first, as market participants sit on their hands to see if what we saw towards the close today was simply over-exhuberance, or genuine informed buying.
If it was genuine, at some stage tomorrow I expect we may see a concerted effort from the buyers to push this run substantially further.
Assuming we get a busy day on the volume side of things, short-term targets for tomorrow fall in the 29-33c range.
Important numbers...21...23...29...33...36...40...50...62
The 29-33c range is particularly important to me...any sign that support has formed anywhere in this range is significant going forward.
lol...I thought I might have a week or two to slowly accumulate these...to be honest, I can't really see the reason for the hurry here today...unless of course news is due?
Hope not, as I'm not set yet, with just a few licks from me late in the day...I will keep buying short-term however, but only while the price steps and volumes remain sustainable.
By the way...4.28m shares traded over the last 2 days, which I suspect might represent just about all those freely available to hit the market.
Cheers!
MOX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
