Minetech has surged to new ATH since last in Dec 2007, reaching 0.355. However, the share has recently formed a Triple Top pattern, a sign of possible reversal, followed by a Dead Cross in Aug 2020 and closed below support at 0.20 in Nov 2020. The price is edging a little higher this week, however, failed to break support level at 0.25 coincide Fibonacci level 1.618. Additionally, we noticed a Dead Cross formation on weekly timeframe, reduce our optimism on further upside move. In our view, the share could be in a rangebound between ATH and LL of 0.18, and could potentially move below LL level.
Disclaimer: Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment base on your own personal circumstances. The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Disclaimer: Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment base on your own personal circumstances. The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.