The charts show that MRM is in consolidation mode , this can last for some time . A break above .70 could mean the beginning of a trend , still a ways to go with the inevitable raft of profit taking before the wheels grip . Not one for squibs , a two to three year window of opportunity . For those in tune with Elliott Waves the monthly showed .17c to $2.00 and then a retreat of 55% on the fib , so big rises and big corrections . This is a long way ahead , but very good management skills required . Not to mention strong rally in o. p. and a return to exploration and development , and a complete change in fundamentals . But this is the natural order of things , and the Saudis and Russians are at least talking , however the complete destruction of U.S. sub prime oil financiers is what OAPEC wants to see. IMHO ......
MRM Price at posting:
32.5¢ Sentiment: Hold Disclosure: Held