MOZ price.......................... gyrating within an ascending triangle formation since June 2020 with this friday just past being the second time price has touched off the top of the triangle formation at about 2.60$.
For the most part since june , MOZ has been putting in higher lows on the chart with volume very good but declining on average over time - normal for a period of price consolidation.
Question is, what is the impetus that takes the price above the now 2.60$ resistance and moves it towards about $3.30 - a suggested price move based on classical TA.
Could be a whole number of things! I'm giddy with anticipation here:
- extended buying based on the Pierre Lassonde participation
- drilling news from along the Sprite corridor - maybe even between Frozen Ear Pond road and Marathon pit !!!!
- a bounce back in gold price near the $USD 2000 area
MOZ chart here if anyone cares to take a look:
https://invst.ly/szung
BG