Love the look of MEK, it has had a stellar run and management are hitting deadlines with consistency. I am expecting a pull back in share price now and will be hoping to get an entry price of 9c.
I don't think its overly optimistic, my reasoning below:
Technical - Weekly: Overbought topped RSI, MACD crossover to the bearish, and previous pattern between May 2018 - May 2021 (resulted in a 50% decline)
Fundamental - Gold has had a phenomenal run, however I anticipate a temporary decline due to a strengthening US dollar and deflationary environment preceding the anticipated market crash.
Cheers,
Thehoneyguy
(20min delay)