I am no technical analyst, but from my limited knowledge, yesterday's price movement was a break-out, on larger-than-average volume, from the previous horizontal trend range between 0.08 to 0.12. Will have to observe in coming days whether this break-out holds or is it a false break-out. Due to the volume, I think higher probability that this break-out is legit.
Technicals aside, it's the fundamentals of this company, plus the down-to-earth attitude of this new MD is what makes me invest in MRP
MRP Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
