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3.17%

6.1¢ mrl corporation ltd

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ddzx

28,706 Posts.

237

27/05/15

11:45

Post #: 15359205
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Originally posted by heraclitus ↑

Hi ddzx,

Haven't seen you around for ages. Hope you're making some $

I don't know, if it had have held the 50% Fib I would have said a good outcome; but 13c -> 5.3 is a pretty sharp retrace in my book. That's probably a benefit for those only new to the story looking for a multi-year hold but I guess I'm not in that category until I find out more about the financial metrics of the business.

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thanks

personally, i can't agree with your definition of a "retrace"

MRF was trading at around 3.5 to 5 cents for months

it reached 13 cent on one day of day-trading pump & dumping

as i said, i have been waiting for one week to buy some & think it has done very well holding above 5 cents

MRF Price at posting: 5.5¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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