As I posted previous in regard to MOL, I thought that it may retrace down to settle around the $1 mark and I do believe that we may see some further selling today so I would not be surprised at all to see MOL back under the .90 at close for today and the week.
The next big leg up imo may be when something concrete is announced by the company in regard to;
1 Any Chinese equity in financing; and
2 Any infrastructure announcement.
IMO this may not occur for a couple of weeks so we may see a slow sell off {a retrace on a daily basis to say around the .80 mark} until the next leg up.
The above is only my opinion.
Do your own research.
MOL Price at posting:
97.0¢ Sentiment: Hold Disclosure: Not Held
