MZI 0.00% 1.6¢ mzi resources ltd

Looks like buyers have dug in around 1.8c - 2c and the sellers...

  1. 24,192 Posts.
    lightbulb Created with Sketch. 5565
    Looks like buyers have dug in around 1.8c - 2c and the sellers looking "stretched". The nearest seller "Trench" moved back to 2.5 - 2.6.

    I reckon that we will soon see a probe / raid from the buyers on the seller position which will redraw the frontline prob to around 2.4 before buyers dig in again.

    This is assuming that reinforcements don't arrive on the seller side ...ie, the market does not collapse over the next few days....

    As always keep your helmet on and weapon loaded ( ...Ie stop loss in place)
 
watchlist Created with Sketch. Add MZI (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.