FFX 0.00% 20.0¢ firefinch limited

MLL_Chart, page-107

  1. 5,100 Posts.
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    See chart below covering last 4 months. Traders are into MLL big time so if you are in for the long term don't worry about daily noise.
    Yesterday the SP stood on top of the 20 day Donchian high channel and was way above the 20 day Bollinger bands. So a burst up early was always going to see traders taking profits. As they sell stop losses of other traders are hit and so it goes. Savvy traders will make a lot of money getting in and out of this stock. Some will have a parcel for long term and a parcel for trading.
    The overbought situation had to be worked off. Tomorrow morning will be interesting.
    Those long term holders wishing to top up do so in dips and try to avoid buying into a buying frenzy caused by FOMO after anns and news.
    From around here on we will see traders buying and selling between themselves as the uptrend continues. They push prices up. Long traders do not survive without a rising price.
    Remember when volumes were small not that long ago. Now that traders are in those days are gone.
    Our GOLD and Lithium are not going anywhere so interest will be maintained in this stock.
    The Euroz report clearly undervalues the Gold and Lithium. The market will be on to this.
    https://hotcopper.com.au/data/attachments/2583/2583570-f86902475ca41b1c70e0e0390aea2b34.jpg
 
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