US market is trading as I had thought and hoped it would. Not continuing too much higher after breaking out which would risk a bigger, more destructive correction but instead correcting to retest the breakout of the bear market down trend which coincides with the 100 and 200DMA's. Our market shrugged off the 2% drop in the US with our market only giving up 0.37% today. Another 2% drop in the US S&P500 will test support from which I think we will see a bounce and then I'm hoping for a trading range to be established. Nothing overall negative but also nothing to drive stocks too high which again increases market risk. That's an ideal scenario IMO for MNB to release news into as it develops its phosphate project and advances its green ammonia. MNB also held up well today. No doubt current developments and anticipated news flow is helping sentiment here.
MNB Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
