Just a couple of different charts of MTE that suggest may be the same thing...thats she may have run its race for the meantime and needs a consolidation phase at the very least.
First one suggesting maybe it is in its final stages of a wave(v) of a wave 5 up from its mid-March swing lows and that it has already reached its upper fork boundary of the A.P. shown.
The second chart highlights a very reasonable uptrend channel that again suggests MTE probably should move into a corrective phase shortly if it has not already started. Note the "overthrow" above the upper boundary of that channel equalling the "underthrow" of the channel(last swing low)...all nicely "balanced".
Would not be surprised to see MTE consolidate all the way back to the mid/low 60's as both charts suggest could happen and not cause "damage" to the over uptrend.
P.S. Apologies for posting previous posting of these charts under ASX_General
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