Right now the bots are ruling as judged by the time between trades, eg. nine trades at the same second, 13:06:10 at $0.235.
Using the Money Flow it seems to be an accumulation. The sp shows that a floor is at $0.235, with a ceiling at $0.24. My guess -- biased guess -- the accumulation began in earnest ~12:25PM.
Between padhai's solid post (above), and chris6, the balance is bullish. Of course it's not gospel, but throw in Citi's $35M loan (terms anywhere?), on top of its prior loan, $50M at a sp of $0.67, then a picture begins to emerge. Never let it be said that a bank would ever, ever, throw good money after bad (HAHA!). However, at that level of commitment, would have been advised by Citi's expert mine sector/commodities (Sn, Cu) people/consultants in very close and demanding meetings with MLX's top people. Well, MLX made a case.
Does MLX pop? Or does it break? MLX's immediate future, this Q$, seems to be rosy. Trade accordingly.
OV
MLX Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
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