As we can see from todays trading there still are a few traders on board,along with some tree shaking accumulation.yesterdays retrace was what we needed to get this stock back on track.the gap was closed and most of the traders had left.
As announcement of our JV parnter nears we will see a gradual climb in the share price,although along the way i still feel there will be a few traders exiting.
I might also add that tonight may see a bounce in the dow,WHY?its options expiry in america tonite,and if you have watched what happens on options expiry,especially where there is alot more puts in the market,the big boys tend to rally it,burning the shorts.
knowing this we could see some buying frenzy late afternoon.imo
good luck everyone.
MHL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
