MMX 0.00% 4.7¢ murchison metals ltd

$1.32 possible, page-4

  1. 5,583 Posts.
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    there's double top in the recent consolidation with a price target of $1.365... last time, the double top target of $1.18 wasn't reached, with the stock bouncing violently of $1.22. The double bottom target of $1.74 also hasn't been reached yet. So technical targets, are just that.

    Prior resistance band between $1.46-$1.48 may act as support.

    rising 20dma can act as support at $1.45
    The stock is trading above the 100dma at $1.42. The 100dma provided resistance 8 times on the way down, and marked the downward slope. It is likely that it will now define and support the uptrend.

    The 20dma crossed the 100dma yesterday. The stock is trading below the 200dma but above the rising 50dma.

    Weekly technicals (MACD and such) are sloping upwards.
    Daily techicals are neutral to dipping.

    Have I mentioned that short position in this stock is over 3% now? any upward thrust and KABOOM... just reminds me of Volkswagon share on XESTRA a couple years bac... :)
 
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