Just found this one and it 's good to see a share with only 214Mil holding instead of the large holdings of many other gold hopefuls. That means when the big news comes later it will advance strongly with little to stop it with no flooding to hold the price back. Day-traders today being spooked a bit and retreating and if anybody uses negative psychology and play with the market depth – can't blame them in the rush. A few are waiting in the wings to buy these shares and we are being given a good opportunity to buy throughout the day if we want. The 50 day moving average over a year is strong and the pull-back will be short lived one when LT traders look at this one over the weekend as it has success written all over in the near future. The report today is all telling with the positive statement -”To date, Monax has recorded an exciting breadth of high-grade rock chip samples within the project area and remains confident of a high-grade gold deposit discovery!” Add the previous report as described in the previous link from Proactive Inv.. and the future looks bright.
If a triple top did arrive wouldn't last long because moving average remains strong as it should.
Also before it did become a short term triple top it would have to rise again and close at 1.9c with an intra day price like today in low 2s for it to happen. Almost all triple tops that are short term and above the 50 DMA rise again after when shares have potential. Holders who bought today mainly tried to stay in but were muscled out by bigger buyers in the rush. Although can get back in again as is now oversold and should have slower progression. Good luck with research. The company has a range of other projects to complement. Ha..(I see I'm not the only one with this view.)
MOX Price at posting:
1.5¢ Sentiment: Buy Disclosure: Not Held