STTCOMP , MRP FA LONG
MacPhersons Resources Ltd
Gold, silver and zinc explorer
MCap - $50.9M
Current Share price $0.15
Shares On Issue - 351M approx
Cash on hand at last report - $3.5 M
Has been on a down trend since April last year but it looks to have found support around $0.11. EMA crossed over a few days ago and price has now moved above the 200 EMA. Volume has picked up in the last week and it seems the sellers have dried up. MACD, RSI and OBV are all trending up. Possibly there might be a slightly better entry as it jumped up today. There doesn't appear to be much resistance possibly some at $0.17 but once it breaks through that then it could reach up to $0.22.
This is not a buy or sell recommendation. Please DYOR
