So what's everyone's thoughts on TA here recently?
To anyone following closely, it's rather obvious that since CBA and MUFG bought back in that there's been a change in patterns. I've seen MUFG play their games many times, despicable lot, though they do have a few game plans and one should try to find which one they are playing here.
I have kept an eye out for shorts - apparently that's not the plan here from what I can tell.
Here's my guess; - Stack the buy and sell to cap the price action - Any sells into the bids are reloaded onto the offers as a pip trade - Someday soon expecting them to hunt for stops down to ~9.5c - Sell into the 4C.
I think we all know this 4C is going to bring a lot of attention here... we are now a cash printing operation who is progressing well on shoring up reserves... with as much or more cash in the bank and Au/Cu coming out of the ground than many mid cap 500M+ producers.
Any other ideas what MUFG are up to?
AIS Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
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