Amigos, I'm not a trader or an expert on chart patterns, but charts can be very useful for shareholders. Charts seem to reflect the upward trends (of impulse buying) versus the downward trends (of correction selling). Patterns in the shareprice play out over a period of time - weeks, months or even years. So, if a stock has good fundamentals, then the zig-zag patterns of shareprice movements, sometimes fall into recognisable patterns. Those patterns give me confidence in buying, holding and selling stock. So, with regard to MTM, I am in for the long haul, but how much to invest and when to invest? @W3hunter has identified a head and shoulders pattern which is about halfway through, and that is good. I could not see that pattern until it was pointed out. I have been interpreting another pattern, but it is not playing out, yet. Someone else may be seeing another pattern, and good luck to them. Investing in junior explorers is probably the trickiest but most exciting sector on the ASX. Nothing is perfect, but every little bit helps, and that is the great thing about sharing on Hot Copper.
MTM Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
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