look at the low steady volumes... all held in a tight price range.. this is a watermark of stealth accumulation.
Yesterday's candle was an inside bar candle... and it looks like we're going for a second inside bar today too.
The more price consolidation, and accumulation (as seen in the OBV indicator) we have the more powerful the move will be when they finally take the brakes off.
The 20MA is acting as a loose support.. They might test this support to shake out the weak hands and make a final grab for cheap shares.
Im bullish on cannabis and holding onto MXC shares as one of the more mature pot stocks on the ASX.
MXC Price at posting:
11.3¢ Sentiment: Buy Disclosure: Held
