technical analysis, page-21

lotta guys don't like ta but it helps me validate a price-based entry to a fundamentally sound stock. it appears 19cps is the new base. here is why:

the recent run from 16cps wed 19/1 to 24 cps thurs 20/1 equates to a solid 50% gain in one and a half days of trading. not bad.

haspete was kind enough to identify the potential for this move in a youtube posting mere days before it occurred.

thank you, pete.

it may pay for those looking to get into mnm at a minimum risk to consider the following:

the 50% gain to 24cps has thus far retraced 5/8ths or 62.5%, a common fib retracement, to 19cps.

coupled with the apparent three-wave move, this fib retracement on low volume combines to form a cluster of signals that indicate 'buy, buy, buy' once more.

someone might be good enough to identify the moving averages on this stock to further enhance the buy cluster.

whilst i've added to my position on the basis of the above, someone might like to post a chart with the moving averages on it.

got my fill in the auction.

as they say, "to all things a season".

mantle mining's season is upon us.