MMX 0.00% 4.7¢ murchison metals ltd

Khal,Pace yourself and buy small parcels and be prepared to...

  1. 92 Posts.
    Khal,
    Pace yourself and buy small parcels and be prepared to pyramid dowm.
    First solid support level is 1.35 just above the gap. As a matter of interest this is where the most depth is at right now.
    Then if gap is to be filled at 1.295 you could buy a few more.
    If these levels don't hold up then the price action could well consolidate at 1.095.

    For myself I sold out at 1.74 yesterday and have a buy order in at 1.35 today. Getting close now !!
    Do you understand the basics of charting ? - it gives you a brilliant picture of investor sentiment which is what drives the share price in both directions.

    The above is my strategy only and not designed to be taken as advice.

    jumper3
 
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