MKY mky resources ltd

some ta if your interested

  1. 13,252 Posts.
    l like you guys theories but 180 mil shares have been traded in the last 30 trading days so any wanting to get out could've. But if look at some T/A you will find its still on its second elliot
    wave and will probably dip back on its run into the 3rd wave which will be a lot stronger than the second. with an increased churn running up into the 7 to 8 cent bracket followed by another
    dip then on in to the 4 and 5 wave which will be the strongest. It also hasn't broken the trend line. But on a postive note lots of turnover is good and will help build momentum into the next wave. l know sometimes we like to think other people have reasons to hold a SP static but or push down sp but in reality 99% of times its not the case and can be explained by some F/A and T/A
    not that l don't enjoy reading the theories but
    all to often they are used by holders to explain dips like my all time favourite the capper who must cap 50% of all stock according to posters on H/C
 
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