i like this green channel because ALOT of stocks are moving like this ATM, high tight flags and triangle moves breaking out of old channels everywhere.
it's like there is some underlying pulse signal driving the market to move just this way right now. either its a subversive escape route or just another big bad bull trap.
i take encouragement in the fact that Dr Copper is still on the rise, and that alot of stocks that have taken similar "green options" like the one presented to MXR right now have broken out spectacularly (VOR is one which readily springs to mind).
a similar move for MXR is not out of the question, as far as i'm concerned, based purely on market cap vs NTA alone.
MXR Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
