MKR charts.Here is your chart fellas.
Courtesy of your neighbours at EXS.
Hopefully, with the
Chinese decision to buy 1/2 the IMF gold, it will help your stock to stay inside the triangle and subsequently breakout to the upside. Watch that resistance at around 0.22 for a potential reversal.
Remember, good news for you is good news for us. And vice-versa!
Triangles can go either way. So, the safest place to buy is after anupside breakout. If that was to occur, with good volume, then theinitial target would be $1.05 approximately. If the stock were tobreakdown below the green line, then the odds would favour a return tothe .05 support unfortunately. Given the bullish sentiment on goldand the area play, the odds are more in favour of an upside breakout.So be patient and minimize your risk.