I was looking at the Acumulation/Distribution pattern this morning out of interest and there is some serious divergence underway that may flag an impending rise. (Cant post a chart ATM)
(The last time it diverged this sharply was in late March early April where it flagged the impending drift down out of the 30s)
Good to see some money flowing into MGO regardless. (I suspect a fund). If the world doesnt go to custard I think this will be a very good quarter for the company.
As it ticks each box in its progress to being a miner, the more palatable it becomes to preditors like OZ minerals.
Looking forward to news.
Oscar
MGO Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
