MTU 0.00% $12.17 m2 group ltd

IvanovichIt's a long bow to try and find a TA sell signal on...

  1. 512 Posts.
    Ivanovich
    It's a long bow to try and find a TA sell signal on MTU, but you did it with your dumpling top, although it only took a day to be invalidated.
    The price action is easily explained by the trimming of a substantial holder who is up over 400% on their position and is most probably performing logical re-balancing. HHL may have found an even better investment or still be suffering from AUM withdrawls and may sell off more, but as today showed there are buyers waiting. I was hoping for a continued sell-off today to allow me to pick up more, but other investors are keener than I to buy.

    Due to its high multiples MTU is at danger from a market wide sell-off, but technically and fundamentally the current price is well supported.

    Long MTU
 
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