MTE 0.00% 3.0¢ metrocoal limited

just a re-cap on what may be around the corner, page-32

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    Trix signal which is similar to MACD has crossed from a deep position, bias imo is to the upside.

    Might get caught up around 75/76 first. Target would be 90s.

    Today's volume was 14% higher than the 20day average. Against overall market being 60% lower than 20day average.

    The only issue is the overall macro market has no volume, which it needs to break resistance and ultimately hold resistance.

    Whilst I am keen on MTE (overweight holding), I wouldn't be buying it or anything just yet.

    I think this rally is going to fade soon unless volume arrives.

    Back to MTE is that rain i see on the satellite image for QLD? This will be the spanner in the works with regards to news timing. Imo I don't expect it to be on time.
 
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