not sure what chart you are looking at, but the trend for mre is down, down, down.....it just closed on a lower low on a big red candle and is below all ma lines. bearish to the max.....
i had minara as a bounce play last week and thought we would see support at 90c....anyhoo i hit my stop today....i'm sure a few others did as well. maybe there is some value at these levels, but with nickel prices going below 8 dollars, i think the party is over for mre in the short term.....it had such a nice run up that there is no support lines until 67c or so.
imho it's now an even more compelling short down to 70c.
MRE Price at posting:
84.5¢ Sentiment: ST Sell Disclosure: Not Held
