MRF 3.17% 6.1¢ mrl corporation ltd

Ann: Change of Director's Interest Notice, page-7

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  1. 7,689 Posts.
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    With such low liquidity tough and definitely looks like consolidation ongoing. SIgnals are turning positive but still needs further progress. Could look to squeeze into upper band of bollinger though still downside risk and might fill the 5.2 cents before heading down. It is important to hold above 5.1/5.2 level. I would like the 3.4 gap to have been filled as less gravitational force towards it. September is 2 months away so the company should be getting into gear with further FA developments soon. The issue is the lack of news regarding mining licence (which was expected 6 or so weeks from April). 6.8 MA200 awaits as res. as mentioned by Jaded.
 
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