I noticed the same thing last week with KZL. metals having a down day and my metal stocks like mre, jml etc were all struggling except for kzl which then had a positive ann this week and then gapped up next day. noticed same thing with mre yesterday and today. is there news due or just general market recovery underway?
hard to tell but some of my best trades have been on this type of unusual support leading to a surge in price very quickly.
not ramping. just commenting. may be others who can explain. anyway position in mre since pre 80c now so cant complain.
time will tell. chart is always the key and remains positive.
MRE Price at posting:
85.0¢ Sentiment: None Disclosure: Held
