MKY mky resources ltd

MKY has run from 3.7 to 6.3 in five weeks on relatively lite...

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    MKY has run from 3.7 to 6.3 in five weeks on relatively lite volume. Yesterday it broke part way thru substantial resistance at 6 cents. At this time the stock became very overbought and yesterday's relatively lite sell-off of 14,500,000 shares is the begining of a healthy consolidation. Stochastics needs to "retrace" over the next few days. Current price level of 5.5 -5.6 becomes IMHO a perfect entry point prior to next leg up.

    Watching for assays report from recent trenching program, may have an extremely bullish impact on share price. Expect greater daily volumes going forward.
 
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Currently unlisted public company.

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