IMS 0.00% 69.0¢ impelus limited

Just some thoughts for discussion: - There are many reasons to...

  1. TBE
    3,734 Posts.
    Just some thoughts for discussion:
    - There are many reasons to buy MBE right now and very few reasons to sell.

    - When the buying dries up (as it has), it seems to be in order to test the sellers, of which there have been relatively few, thus the low volume pull-back.

    - The last couple of days have seen buyers slowly entering back into the market without causing another stampede.

    - There's virtually no supply. Buyers will have to pay higher prices.

    I have been bullish on the fundamentals so perhaps I am biased, but that's how I see the technicals lining up at the moment. Awaiting confirmation tomorrow or early next week IMO and then it's up way past 40c.
 
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