just wait until the rest "last one" realizes there is no DEAL in the making here "in short term"... + MTC strategy "long term" is to develop the project.... which is only UG (underground).... + they need CAPEX/ money... + more dilution = CR... etc...
Technically: this could drop down to the low of 0.120 AUD.
4. Trend Analysis
The overall trend seems to be a downtrend, considering the price movement from 0.290 AUD down to 0.120 AUD.
The price is trying to find support around the 0.618 level (0.175 AUD), and if it holds, it could potentially move back up towards the 0.195 AUD level.
5. Potential Scenarios
Bullish Scenario:
If the price holds support around the 0.175 AUD level (0.618 Fib level), we could see a bounce back toward 0.195 AUD (50% retracement) or even 0.225 AUD (38.2% retracement).
A bullish MACD crossover would add to the possibility of an upward move.
Bearish Scenario:
If the price breaks below 0.175 AUD, it could retest the 0.155 AUD (0.786 Fib level) or even drop down to the low of 0.120 AUD.
The MACD still being below the zero line indicates that the downtrend has not fully reversed yet.
MTC Price at posting:
17.5¢ Sentiment: Sell Disclosure: Held
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