MRF is going to announce something very important in a few weeks. It is a Near Term Producer and I think it will find support at .11 for its run at .14 -
Once it cracks .14 officially it is off to the races to around where BBR is now. MRF acts like an anchor at the moment in the Peer Group just because it is so undervalued.
This new range for MRF will be a signal for BBR to make its next run to .70 -
I called this target last time and it obliged, I would not be surprised if it did it faster next time.
As for MRF I think it will consolidate around .28 just like BBR did for a while.
Lots of fun to watch.
Kind Regards
MRF Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held