Nice volume, heavy accumilation and a decent close at $1.00.
Technically, Slow Stochastics up, RSI up, MACD turned, OBV up, trading above its 20 day MA.... feels good!!
The market obviously liked the idea of whats ahead for MRE, and I believe this was reflected in no sell down in the end.
I have a feeling that this thing will begin to rise shortly, once the institutions realise the potential of this stock... Could it be next week? Time will tell..
Any opinions on the price action next week?
Cheers Mayo
MRE Price at posting:
$1.00 Sentiment: ST Buy Disclosure: Held