Yes MTM gained half cent to finish at 14c. Our volume was moderate, just over 4.3m shares traded. We opened at 14, touched high of 15, low of 13.7 and finished back at open price of 14. An indecision? . ASX REE stocks after 2 days of losses were very slightly ahead today. Of the 26 REE stocks (list in my Weekly Report) that I track, on average across 26 stocks there was a gain of 0.5%. . So do we think we have bottomed out for this phase yesterday at 13.5? Not sure. Although today's trading was good and we edged forward, but were not able to get to key level of 15.5. Also finished back at open price. Yesterday I had mentioned - "Usually after a 3 day sell it should plateau/rebound" - so we saw something like that. But not a big rebound. We started strongly but looks like supply is still here. So will need to watch next couple of days. usually there is one more scare before bottom is reached - so lets see. . Personally I didn't do much. Have not bought back shares I sold. Want to see a clear trend first. . So what will happen tomorrow? Many believe that we are due for an announcement soon. If that comes, that may provide direction. If not, it would be good to hold these levels - key is 15.5 on up side and 12 on low side. Today's trading is indicating that we may try to go up first. Will that happen? Lets hope so. All the best.
MTM Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
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