MRP macphersons resources limited

is the mrp chart telling us something?

  1. 1,846 Posts.
    lightbulb Created with Sketch. 136
    As a hard-core fundamentalist I thought I'd never start a thread re a chart but imo the MRP chart does seem remarkable.

    Despite recently flirting with 18 month intra-day highs of 41c it seems there has been a definite ceiling for the closing price at exactly 40c (as the chart clearly shows, even to me!).

    The share price has been steadily converging on this 40c ceiling which leads me to wonder what the chartists would make of this. Is that an "ascending triangle"?

    I am very bullish on the MRP share price based purely on the fundamentals and but I'd be interested to hear comments re this chart pattern from a TA perspective.

    k
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.