MRX 0.00% 0.7¢ matrix metals limited

1st day of major run

  1. 2,909 Posts.
    Or maybe the second if you count yesterday.

    G'day,

    What a great day for MRX. Technically it has closed above the previous high and important fib number of 15.

    We were never going to move far beyond this so early in the rally, or it would have had to have been retested.

    From now we still have at least 2 strong days to come. I see a close above 16.5 tommorrow or the next day, with another run of 2 cents from there. From then I see short term consolidation.

    The charting pattern of "scallops" was mentioned a few days ago, and it is coming very true, as we now see near vertical movement over a number of days once the small scallop is breached.

    Very relaxed and hold tight.

    All the best
 
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