Too much emphasis on hot copper is placed on top 20 holders and the insto and people that hold them. Some think a tight top 20 means its a secure stock but reality is these shares are loaned out to be shortened when it can be, so I would put very little faith in believing a tight register is a good thing. Money can be made going up or down but most on hot copper focus on going up, which is one of the reason people borrow shares to shorten.
Nice little run but still struggling to break resistance point. I notice that has now change to 2.2 . The pivot is 0.19. Indicators show its a short term buy which is what interest me to the stock in the first place. The long term indicators have a very low percentage as a buy to hold, which is why I asked about the cash position earlier.
Good luck to those that made some coin today.
The above is my opinion only and not legal or financial advice
MNQ Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
