Sellers mean new entrants that want to stay invested for their profit.
Yes it could initially arrest a rise, but look at all the macro pressure.
With the continued exploration MOD ought to have the potential for these kind movements over many days this year.
It's the metal in the ground that will eventually drive the price but traders and investors may soon realize that selling out on the first rise might not be wise atm.
MOD Price at posting:
4.0¢ Sentiment: None Disclosure: Held