re: Ann: Metaliko to Progress Mine, Truck, Tr...
Agreed. It was just stupidly cheap at 11.5cents today, and those who went against the market depth at the time and bought up will be feeling rightly pleased with themselves over the weekend.
The charts are going to give some big buy signals out of today. Price retested yesterday's low of 11.5c and bounced nicely yet again. Stochastics are going to rip up through that 20 mark, and the MACD has been showing some bullish divergence over throughout the week.
The selling pressure that has rocked this stock this whole month was almost non existent this afternoon. That's the best sign of them all in my opinion.
I'm not one to put short term price targets on a stock, but I do believe that the month of June will be good for MKO.
MKO Price at posting:
14.5¢ Sentiment: None Disclosure: Held
