TA wise MOD have just seen 2 weeks of heavy accumulation which has really thinned out the sellers, historically these moves have played out over around 4-5 weeks with the final 2 weeks producing large moves as can be seen in the attached chart. Supply looks to be thinning quickly here and I'm expecting to see the SP move from a trot to a gallop over the coming sessions. Word of warning however would be to keep an eye out for the supply to crumble completely as generally seller exhaustion is a sign that the top of the move is near.
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FA wise MOD have a high side estimate of over $2b in revenue from the T3 prospect and several other prospects yet to fully explore, the upside is mammoth and the metrics compelling. I'm holding both this and KMT (junior along strike) and think both have upside of multiples from current valuations
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