TSXV:MRS.H - Post by User
Comment by
ferret_caon Jan 07, 2022 6:27pm
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Post# 34294982
RE:What is needed is news.
RE:What is needed is news.last month tax loss selling was in play, January is typically a rebound month for small caps but who knows if it'll sell off here or keep going, lol.
looking at the chart (i'm no expert by any means, but do know a wee bit) it looks like maybe a bit of resistance in this .38 ish area, it would be nice to see it consolidate around here for a few days to reform a base, todays volume (most of it at the higher range) was a good start. after .38ish maybe just a bit of resistance around .44 ish and then none really thru to .60ish to .70ish
of course all this goes out the window with 1 good news release. Alot of people bought in this .38ish range back in july-aug and the blip in early dec and are most likely many of those selling now happy to get their money back and move on, plus the penny flippers will be moving in.
It sure does seem and feel like something is definitely up with the volume surge , it's still a very cheap stock. I would expect we see a nr sooner than later and is so we could see the .60's sooner than later. onward and upwards, lol
cheers and gl ferret