as we can see on the daily chart there was a lot of buyers stepping in on the 21May and then early last week a lack of any more downside - no selling - and since then MOL has responded in a positive manner.
Only thing to note is it would be good if we can increase the volume to the up more this week - last weeks volume was low but I guess that was made up of a couple of days of not going down and if the Europeans don't surprise us in the near future MOL will need a bit of volume to get up and thru that old support area and then hopefully sit down on it and treat it as future support.
MOL Price at posting:
68.0¢ Sentiment: None Disclosure: Not Held
