Mooncor Technical IndicatorsNow I don't know which chart some of you are looking at, but the one I see topped out at .19 and began to sell-off.
There is some support at .12 and at .10, but that will most likely not hold, IMO unless Mooncor comes out and clarifies their news release about where their leases are. There may be short term bounces off those supports but that's all it should be IMO, a short term bounce.
You can dream all you want about MOO being in the Horn River Basin area, but unless the company comes out and officially states it in a News Release, the rumours will die, and so will the momentum, IMO.
Here is MOO's chart. There is a Gap at .08 that needs to get filled, and I believe it will. Once MOO hits 8 cents, it all depends on what the company does with regards to informing investors. Getting all pumped up by Investor Relations type just don't cut it, this needs real news straight from the company. No news, and this will just drift lower.
On the other hand, news confirming that the rumours are true, and MOO may just move higher. Personally, I don't believe the rumours. Just think, if they were true, nothing would stop MOO from promoting the sh*t out of it. JMHO