Hi downside , the worse case is a 55% retracement on the fib . Which is .305c , However I'm not sure that the first leg of the Elliott wave is yet complete , on the other hand , we can have waves within waves . I still believe we are still consolidating and the range appears to be .35 to .42 . And as such we need a driver , and hopefully it will be Doha . Once we kick through .55c 'and that may be some time yet' it is game on . Usually leg three is equal to leg one or up to 220% of leg one . But 70% of shares don't trend and are at the mercy of the news surrounding the company , and as such better news is at hand , so in time our fortunes will change .
. The really good news is , the longer the consolidation the higher the price ( time and space ) Good luck and stay strong , it's the long game that matters , everything else is white noise .....
MRM Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held
