MEU 0.00% 4.3¢ marmota limited

I was reviewing charts in general and i think i see a sign of...

  1. 574 Posts.
    I was reviewing charts in general and i think i see a sign of possible hope for MEU

    Last few trading days produced a gravestone doji candlestick on 23rd and then on the 25th an inverted hammer

    furthermore the hammer is almost touching the EMA 15

    However, the negatives are
    -no MACD crosses yet
    -volumes are still low
    -overall more selldowns than sellups
    -moneyflow still down

    difficulty overall still in interpreting the candlesticks for MEU, quite a few doji penetrating Bollinger bands without upturns

    still no overall solid signal

    so fundamentally, i am thinking 8 c is just ridiculous for a super cashed up company with uranium and iron ore prospects

    still 60% full with average almost 10s

    i reckon overall in botoom picking, this is as close as it gets

    opinions anyone
 
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