I'm afraid all my indicators are pointing down at the moment, with plenty more downside unfortunately. RSI, MFI, Stochs and MACD all pointing down. The 9EMA has now also crossed below the 20EMA.
Re: volume - you always prefer to see high volume with SP increases and lower volume on declines. That goes for trends as well as day-to-day IMO.
If MNM don't see fit to provide loyal shareholders with an explanation then without an announcement I'm looking at 10.5c as possible support. If that can't hold then I'd look to the 200EMA to provide support (which also happens to coincide with the 61.8% fib line) at about 9.6c.
With all the confusion and uncertainty at the moment you'd think the Company would want to put it to rest. Apparently not.
MNM Price at posting:
11.9¢ Sentiment: None Disclosure: Held
