The TA looks pretty good now, that pesky gap has been filled.
The break away gap has been tested thoroughly, and wont be tested again unless something fundamentally changes.
Now we have a double bottom and solid support. The light sell stack suggests that buyers will need to step up to fill their orders.
The next resistance point is 4c which looks rather flimsy if you check out the sell stack, a move over 4.8c is a rally past resistance so could move higher.
Thoughts?
PS I think it is a good idea to keep TA (Technical Analysis in the Short Term Trading section.
MNM Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
