MRX 0.00% 0.7¢ matrix metals limited

strong up wave just starting

  1. 2,911 Posts.
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    G'day,

    This really is technically attractive. By my calculations MRX has the momentum for a short term spike to $0.14 as part of a much higher medium to longer term move.

    I feel $0.11 will hold little resistance. At worst I see maybe a one day consolidation correction, but judging from past experience of MRX's behaviour this will be short lived.

    In short, don't throw the towell in if you see it closing down in the coming days.

    Check the last big spike.


    Relaxed and holding
 
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