MML - New Buy Signal

After the initial run higher in February after the dividend announcement, MML has been trading in a very small range between 80 - 85c. Many MML holders were getting frustrated because the gold price was strengthening but MML was staying flat. Well, yesterday's strong finish at 86c on gold volume might have changed all and highlighted an opportune buying signal. For those who have been sitting on the sidelines waiting to see if MML will gain some momemtum, it might be happening. If we can see MML trading above 85c for consecutive sessions, that would boost my belief that MML is commencing a new upwards movement.



If MML can successfully break above $1 in coming weeks, then it has the potential to surge higher into Blue Sky Territory. The chances of this happening will be boosted if the gold price remains strong.