true it has broken its uptrend line, but there is good resistance at .95. also it is very oversold on RSI. I am expecting it to bounce.
fundamentals are also to be taken into consideration, remember there was capital raising recently at 1.05, so not surprising it is hanging around those levels.
They are more than an explorer now as have cashflow and rapidly progressing projects. The fact that they have plenty of cash on hand, cashflow , great acreage in canada, avoid most of rudds policies and have huge/massive upside potential in their shale gas make me very confident they will run hard at some time in next 6months.
All in my opinion of course!
MPO Price at posting:
$1.03 Sentiment: ST Buy Disclosure: Held