I picked a big parcel of these babies on Thursday at 9.5 so I'm sitting pretty atm.
If you're a Weinstein fan then on the weekly charts you will think you are seeing the charting equivalent of a gorgeous naked woman.
We are talking massive volume increase, rise above the 30 week MA (and the 30 WMA inclining) and RSI (weekly) inclining.
If you want to be more fancy you can look at the weekly Stochastic and MACD and you see a similar story, pure poetry.
BUT!!! The dailies are a bit of a worry. Today's pull back is not a worry on its own but the daily gap at 9.7-9.8 has to be filled eventually and that concerns me.
There were massive volumes on both the buy and sell side so there's a lot of interest, which is good of course.
For the fundamentalists there are two ways to go. If IGO have had their fill at just under 20% then maybe the price will drop as their interest wanes OR you could ask what do IGO know about the coming AGM and soon to be release BFS that made them so keen in the first place?
Intrigues, wheels within wheels.
Any thoughts?
MRX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
