The N2 Eclipse event 2004-2007 created a massive spike in the MB SP from 20c to $5-$7 peaking in a triple top pattern Oct 2007 to June 2008 when the GFC hit. See below graph. Massive fortunes were made. a 3300% spike from the lows even buyers during the spike from 2.00 made fortunes. A spike that was similar to the SIR spike in 2012 which went 5c top $5 then back to 2.50 where it is today.
MBN became a producer in time for a spiking NP ie the N2 Eclipse event. It was the best performing pure play Ni stock that rocketed as listed on Stevensons N2 Eclipse list.
However if we look to today and even the last 12 months graph we see some similarities to the N2 eclipse and even the July spike....
- incredible volatility
- disregard to any prior parameters
- upper bollinger band UBB broken and followed at 90degree angles with impunity
- lower BB followed on the way down only
- no resistance spiking patterns
- one off tops or blowouts
- stochastics & MACDs showing the trend before it happens
So on the current patterns and todays SP action this is what i can see and any TA guru will see:-
- stochs & MACDs show upside of a 2-4 bagger is open
- real spike has not yet started
- UBB hit this week at bounce back to 13 very revealing
- stochs remain elevated even now with lower volume
- low volume retrace followed the interim low at 9.1c, a fake low with no volume validation
- volume highs, macds highs and stoch highs accurately predicted all interim tops
- we have hit 2 higher lows at 9.1c & 11c in the last month
- 2 inverted green hammer days after 2 green bar spikes from 9c to 15c VERY BULLISH
- appears to be pre-spike patterns
What im saying is just wait, the fake lows on low volume are not validation, the buyers are accumulating and manipulating, if they see volume anywhere high or low they have gone to take it, they want volume, they dont care about the price. It sat at 9c for 2 days then BANG flushed out all high offers in 2 days 9c to 15c, now another run up 11.5c to 14.5c, test rocket burnoffs i call them, the volatility is extraordinary.
Soon we may see a 4c day range and glide down or coverup, pending the Q1. It seems to me a few large instos or buyer groups maybe even Stevenson himself are in on it.
Stevenson has deliberately left MBN off his N3 Eclipse list, however he implies several things in his N3 Eclipse article about MBN:-
- its a pure play Ni stock
- its on his list of N2 eclipse spiking stocks
- It beat all other Ni stocks in the N2 eclipse spike
- it outperformed in the N2 eclipse his picked stocks for N3 eclipse
- if NP spikes MBN will benefit more so than his other picked stocks
- "Some pure play NI stocks even rocketed up over 3000%" a direct reference to MBN in his N2 eclipse list
Stevenson has not picked MBN on his N3 Eclipse list but it was picked on his N2 eclipse list. The omission of MBN is like the elephant in the room.
WHY did he leave it off? Why doesnt he expressly pick it now? Why does he indirectly refer to it? Why does he refer to it in N2 eclipse but not N3 eclipse? Is he already in on it? If Stevenson is right and his article has gone viral among Ni investors globally MBN is prime positioned for a spike in SP also.
A 3 day spike and a blowoff topout on higher volume is what im watching for, im not watching for a high volume run up as thats been happening since 2 July. A gap up long reopen will easily clean up that 5M on screen offerees sitting at 14c-20c, then the offscreen action will start. Will sellers then come in or wait for a higher gap up over 3 days like in July? Lets wait and see.
MBN Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
