MRQ 0.00% 0.4¢ mrg metals limited

Given recent positive developments I thought its time to kick...

  1. 1,835 Posts.
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    Given recent positive developments I thought its time to kick off a new charting thread. Not an expert in this area but just providing observations.

    We have broken out of the 4 - 6 trading range we have been stuck in for almost a year on solid volume. In addition we have tested the next key resistance level on the weekly chart. As noted last week, the RSI is overcooked on the daily and given the CR shares are coming out this week it would be healthy to see some consolidation. Weekly MACD has turned positive and we have a strong news pipeline which should keep this positive momentum going. Important to note the MC is still very low (~5m) and cash now in the bank for drilling, exciting times ahead!!

    Comments / additions welcome, glta!

    DAILY
    https://hotcopper.com.au/data/attachments/1682/1682974-3f59eef72b6dc7f4b873ac32822211c8.jpg
    WEEKLY
    https://hotcopper.com.au/data/attachments/1682/1682976-04db908242d4d9242dce2eb231538e8b.jpg




 
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Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
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