MRM 0.00% 33.0¢ mma offshore limited

For those with charting experience . Despite the current...

  1. 443 Posts.
    For those with charting experience . Despite the current cyclical down trend it appears to me that MRM is in a consolidating phase , the intraday flow suggests that buyers are keen to buy under .30 c and thus presents the accumulation phase as the big sellers are gone , I'm told in a volatile market such as we have now , this may last several months , even years. However 70 % of stocks don't trend , and as usual the cyclical correction comes off , perhaps in May , depending upon external events . In the past MRM is a slow and sneaky mover but holds its patterns quite well , uptrends are not normally explosive and corrections are quite severe but also slow . However a 65% corrections are quite acceptable and if traded correctly present a further trading opportunity ..... As charting is " IMO " an art form is there anyone with these skills prepared to opine......
 
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Currently unlisted public company.

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