Yesterday open after announcement was 5.6c and we are not at 10.5c. 25M issued at 0.04 but we already traded over 100M. Not sure if sophi still holding or sold out but some forces are really behind the MRF.
To make it stronger, i want MRF to trade between 9.6-12c range for at least a week. This would flush out all T+3 and weak holders and will set it up for next round up. Please note money just raised so no more CR for at atleast until we are close to production. When the stock is fundamentally backed you can use support and resistance just to increase you holding but if you get out of it completely then you are more likely to pay 10-30% premium (That's true - Just ask the one who sold yesterday around 7-7.4c
).
When i look at intraday (1 min, 5 min, 10 min), daily, weekly and monthly chart, they only pointing it to one TREND and that's UP UP UP
.
Please DYOR and take your profit whenever you like
.
cheers
J
