FFX 0.00% 20.0¢ firefinch limited

MLL_Chart, page-36

  1. 7,161 Posts.
    lightbulb Created with Sketch. 517
    Thanks it was interesting to see MLL touch 6.7c again and bounce back to 7.5c range quite quickly.. but for MLL trading range this is typical.
    It is still in the longer term downtrend vacuum (July 19) and imo will move around this lvl a few times so definitely some opportunity for some ST trades if you're that way inclined... Expect the bot to still be working?

    market knows somewhat of news windows for MLL as management have announced (and missed targets) so this has been priced in to some extent (believe it or not)...solid drilling results didn't change SP and with significant outgoings what do we think news catalysts will be to make the market move? im sure DFS will be a nice to have for long termers but surely with cash flow it is a hard funding deal that will re-rate? or a gold deal? tough in this market but the upside to this is lithium market and general market could recover in the window MLL are looking to progress the project. In that case if it can break a quarter downtrend or so all of the old resistance lines come into play 10.5c , ~18c, ~21c, ~29c ~35c etc upwards.

    May hit 6.7c AGAIN and there is higher risk with money flow out of market and cash burn this can break into 5c range and a lower cap raise. I'm waiting to see how that pans out this month.

    GLTA

 
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