MOX 0.00% 0.2¢ monax mining limited

Ann: New High-Grade Lithium Project-MOX.AX, page-43

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  1. 5,457 Posts.
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    That's a nice clear chart. Plenty of elements on which to speculate.
    - Break through recent downtrend suggests a test of the 2 c top is indeed a real possibility
    - Big volume over the last 2 days showing trader interest but also suggesting possible churn from insiders and risk on day trading pullback clearing out buys before settlement. Factors to evaluate.
    - gap up from below to consider
    - potential triple top at 2cents - a break through and 3 cents is on. A failure and probably back to 1.

    If there was any real value to this current announcement the upside would be seriously on with MOX being low priced. Because it's empty news caution is advised as there will be a dump but as others have implied heat can run things further than might otherwise be warranted. If it looks like follow through can push through the 2c barrier then I'm open to a short term trade but MOX is not a stock to hold through it's gyrations, just when management need to work on topping up the accounts for their salaries.
 
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Currently unlisted public company.

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