My 2 cents on the technical analysis. First image is the chart on daily timeframe. Clear inverse head and shoulders to be seen here - I drew these yellow lines 2 weeks ago actually and we've respected the pattern. Well above the 50 DMA. OBV holding up strong means more buying volume than selling. MACD expressing a bullish signal.
The second image represents the volume profile. Whether the share price is in a hurry to breakout or not, the path of least resistance is now up. We are above our highest volume level (0.08-0.087), which dwarfs the supply above. Any time we do to go sideways in this zone makes for a stronger base, and therefore a more sustained breakout run. Glad to see the technicals lining up with MNB's fundamentally strong case (market cap currently valued <10% after tax NPV).
MNB Price at posting:
8.9¢ Sentiment: Buy Disclosure: Held
