GREY:MLKKF - Post by User
Post by
jims101on Aug 28, 2008 10:46am
292 Views
Post# 15416232
Buy signal if close over 8.37
Buy signal if close over 8.37If and it's a big if ML should manage a close above $8.37 Bulls good take heart...- short term buy signal and bottoming confirmation ....
https://stockcharts.com/h-sc/ui?s=ML.TO&p=60&yr=0&mn=4&dy=0&id=p06945534083&a=85230574&listNum=1
More likely we end the month near $8 and continue a base building process...
Tthe storm in the gulf seems to be bouying natural resource stocks, or was at the time of the opening, Most likely it will pass with little disruption and we'll be back in the hole, maybe no lower than $7.75 as the new month begins...
On the daily charts we see some positive things happening behind the general context of a global 6-9 month slow down in economic activity.
https://stockcharts.com/h-sc/ui?s=ML.TO&p=D&yr=0&mn=4&dy=0&id=p24302165200&a=130768767&listNum=1