1MC 3.03% 3.2¢ morella corporation limited

AJM, page-57

  1. 3 Posts.
    Hi, I see that the 50-day SMA (+/- 14,5 cents) just closed the week below the 200-day SMA (+/- 15 cents) (dead cross).  I think it is important that the price does NOT stay below the
    200 SMA too long, as the longer it stays below it the stronger it will function as resistance (not good!)

    From a T.A. point of view that dead cross is very bearish of course, but ther should be strong support @  +/-11 cents (23 august; High volume!). That 11 cents from 23 aug. was the closing of the gap from 8th to 9th (also high volume)of march 2016. In my humble opinion I think the most important thing the comming days/weeks is that we hold (above) that 11 cents.

    MFI
    Furthermore I see that the MFI is extremely low (even @16, only 3 days ago).

    MACD
    Keeping a watchfull eye on the  "0" line cross-over wich failed on 21-sep.

    ICHIMOKU
    We have to get into the red cloud a.s.a.p.!

    Any thoughts from others regarding the technicals?

    I live in Amsterdam and I am relatively new here. I like the whole thesis of going green/ EV/Lithium etc. but find it a bit difficult to find some good info on Australian Lithium miners etc., so that's why I am happy to have found this forum for extra info/ideas (besides BEERS reports etc. which are not completely objective as they are paid by AJM). Also the noadvertising forum, but this one is a bit more alive regarding AJM (invested @ 13cents.).

    So I understand that there are the bigger miners(ORE/GXY/MIN/NMT/PLS/AJM)...(near term) producers. And then there are a bunch of explorers ....from which I saw that CXO is cent to 5 cents range) on fire the last couple of weeks. Furthermore I understand that it is important to who gets the stuff out to the market first & the quality....

    Have a nice weekend all!
 
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