Guess you could say double bottom is confirmed if it breaks above 43.5. Target from there would be mid 50s.
There has been fairly heavy selling at that zone though. Chart to me isn't suggesting it is likely to go through (which is a reason I sold at this level last week). A lot of long tails at 42-43.
I'd like to see some consolidation and volume weakening before it could go higher. Better plays for me in the sector at the moment (I like RSG for turnaround, US dollar gold exposure).
MML Price at posting:
42.0¢ Sentiment: None Disclosure: Not Held
