MML hitting new 3m high. No news, but FA good.MML hits a new 3m high on good volume. Quality run miner with cash in the bank.
Trade ideas
inverse h + s setupMML has an inverse h + s setup for the daily chart.
2W chart shows we are close to breaking out
of a 6 year sideways range .
I will average up on the break of $1 level
MML Looking to move higherRecent gap higher with strong volume. Bullish engulving candle formed on 1/3/21. Business operating in buoyant market and significantly undervalued at current price. Looking for an entry some where in blue box as a bounce off upper Bollinger band however the more aggressive trader might enter at current price.
Entry: between 0.970 -0.955
Target: 1.050 (previous high from Aug 20)
Stop: 0.910 (bottom of gap higher)
For educational purposes only.
Does not constitute financial advice.
Please do your own research.
MML signalsMML has poked out of its
downward price channel on the daily chart.
MACD + RSI show buying power coming in.
MML RSI breakMML daily chart RSI has broken out
expect the price to follow.
Thumbs up breakout on price will confirm
the continuation of the overall up trend.
2 Week chart EMA lines shows the trend is still up.
$MML:ASX - MEDUSA MINING - Chugging alongProbably be harder to find a miner not doing well at the moment. Nice chart. Indicators look good. Might get some consolidation but steady chart that could be worth a watch.
Added it primarily because of its presence in the Philippines just for something a bit different. Be interesting to see how Gold mining in that company pans out - pun intended.
Medusa Mining Limited (Medusa) is a gold producer, focused solely in the Philippines. The Company is engaged in mineral exploration, evaluation, development and mining/production of gold. The Company's segments include mine, exploration and other. The Co-O mine infrastructure projects include E15 Service Shaft, Mine Ventilation Project and Level eight exploration development and drill stations. The Company's other projects include saugon gold-silver project, Tambis Project: bananghilig (b1) gold deposit, Barobo Gold Corridor, Lingig (Das-Agan) Copper Prospect, Kamarangan Copper Prospect and Narrow Vein Mining. The Philippines project includes the tenements comprising the Apical and Corplex Projects. Within the Company's tenement holding, covering approximately 590 square kilometers, work is progressing on various other gold prospects, as well as various copper prospects. Its subsidiaries include Phsamed Mining Corporation and Medusa Overseas Holding Corporation.
Will it turn?A more detailed look than the last chart, If we have reached the bottom of the ABC correction and hold a trend reversal could be taking place. (Yellow lines=Key resistance levels) look for an increase in volume and a bullish engulfing candle as mentioned in last as the start of an uptrend.
Possible bounce?Possible bounce off support? waiting for bullish engulfing candle to confirm an uptrend, oversold on weekly rsi. Is a turn around likely? would like to hear thoughts.
MML breakout, new highs for this week's close.MML making new closing high for the week. (check out the line chart)
buy more... yes buy more...
MML break out signalWhen to buy MML. be patient and wait for the market to break out. dont get in to early without any confirmation
