Price has come up to 6c to test a couple of longterm resistance lines. You could squabble over whether resistance is at 6c or 6.1c. The short term sticking point is obviously 6c. Despite some shooting star candles on the way up, they only dampen the price for a week or so, then its onwards and upwards.
My gut feeling is a break through 6c will see a spike to 7c, where it will hit its ceiling and come back to test low 6s : 1) we will need to absorb supply from those trapped in at Jun/July. 2)
See below - ADX is looking overcooked. A spike will push the ADX into overbought territory.
Although i haven't shown it, money flows are slowly improving, but still a little weak.
MKY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
