Comparing MLM with MTE. MLM prices tend to track MTE. However if you look at 16 May, MLM peaked at 33.5, with MTE peaking at 42.0. Today - this morning , MTE has traded at 62, with MLM peaking at 33.5.
Will MTE rise further? - if we use the ratios from 2 weeks ago, it could be trading around 45. However in the past two weeks, price on MTE rose steadily, whilst MLM stayed reasonably low.
I'm not sure why MLM is not tracking MTE in the same maner it did up until a few weeks ago.
Any clues anyone?
MLM Price at posting:
33.6¢ Sentiment: Buy Disclosure: Held
