Sorry I don't ever post here but just couldn't help myself....
You mention the 8ema about to drop below 32ema "which is NEVER a positive sign".... Your quote.
Just so happens on your chart that you displayed.... the ONLY 2 previous times this 8ema dropped below 32ema in Oct 21 and Dec 21 the share price rallied very very significantly BOTH times!
So I'm not sure if your quote is inaccurate or you just used a terrible example to point this out.... anyway lets hope MQR disregards your thesis one more time and rallies back.
If you look at weekly chart you fill find that MQR is still above it's 20ema and 40ema, albeit in a bit of a sideways channel. Forming a bit of an ascending triangle/wedge touching the up-sloping trend line for the 4th or 5th time but nonetheless...... horses for courses I guess.
I don't think the chart is too significant with MQR at present, those buying and selling don't seemed concerned anyway. Seems to be in a 5-6c range where it has been bought and sold off for last 3 months, time will tell if it will break higher on the back off some decent news that has some follow through... I think around this price-point there isn't as much downsize risk, and if it sells lower again tomorrow 10/10.5c might be a great entry point.
Just my 2 cents.
