MRX 0.00% 0.7¢ matrix metals limited

i'm fully back in

  1. 2,909 Posts.
    G'day,

    I'm pleased to say that after trading out on Friday I am now fully back in MRX through cross trades yesterday at $0.11.

    Technicals here at the moment are just wonderful. We are in to the 3rd day of consolidation holding high support. If it can hold $0.11 today (looks likely) then this will form the base for the move up, ie, close tomorrow of $0.115 lets say.


    Even the quickest glance at a chart shows that the best runs from MRX have not happened yet. We are still at base levels.


    I can see an easy run to $0.16, and in time much higher.

    There is enormous buying support at the 10.5 - 11 zone. This current consolidation was always going to happen. Technically impossible for it no to happen. Important is that it is running out of steam.


    My call is you have the next couple of days to get them under $0.125.


    All the best




 
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