MC MINING LIMITED - Potential for further upside
Potential for a retest of ~650-700c.
After a month and 0.5 retracement in Nov-22, has shown a strong and relatively quick recovery, gaining back ~90% since Nov-22.
Trade volumes in Jan are on the rise, as of today 24-Jan, consecutive monthly higher high / lows Since Nov-22.
To monitor monthly close preferably keeping on / above ~390 levels
Keep watch on macro environment for coal / energy in general.
(Welcome any feedback - 1st post)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.