XAO 0.21% 8,422.1 all ordinaries

Short Term Trading Week Starting: 30th July, page-54

  1. 12,191 Posts.
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    STTCOMP MRQ TA  LONG

    MRQ - MRG METALS
    sp 1c
    MC - $6.6c

    acquired a highly prospective Heavy Mineral Sands  (HMS) project in Mozambique + Cash in hand  (post CR - awaiting final figure with qtrly due today)...

    interesting chart -  we had a GOLDEN CROSS of the 30 / 100 EMA yesterday... comparing this with the last time we had a similar cross was on 23/3/18 - a few days before the 11/4/18 ann of the HMS acquisition ...

    the advantage this time is that we have a HIGHER VOLUME + lower RSI this time compared to last time + the MACD setup is very similar to the last one and the MACD of that previous run was PEACH ! So hopefully we see a similar setup getting formed this time around too...

    MRQ - 30072018 - comparison of previous golden crossover.JPG
 
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