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Trade Trends with Bollonger Bands and Twiggs Money Flow

MEP_MINOTAUR EXPLORATION LTD

Chart Forum » Stocks - ASX: short term (strictly TA) » MEP_MINOTAUR EXPLORATION LTD

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tryhay
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Username: tryhay

Post Number: 1617
Registered: 09-2005

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Thursday, August 11, 2016 - 10:51 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Some time ago Dolphin asked a question about MEP and its status regarding being a possible Weinstein Stage 2. Hyperlink to post Number: 1573:
https://forum.incrediblecharts.com/userscripts/forums/show.plx?tpc=316907&post=182349

Minotaur Exploration Limited is a mineral exploration company, with primary focus on IOCG style targets in Australia. Minotaur's main exploration activity is in the Cloncurry copper belt of North Queensland. Lots fundamentally occurring so DYOR!

At the time I suggested that from a technical perspective a longer time frame was appropriate to assess which phase price action is in. Some (even Stan Weinstein) suggest ancient history (say more than ~3 or 4 years ago) is meaningless when assessing support and resistance etc; but I beg to differ.

MEP came up on another scan and it looks like it has broken price symmetry, pulled back to make a higher low, & is now ready to perform (all things being equal).

The longer term weekly chart suggests that MEP has already broken out of the down-trending channel (>10 year down-trend from a stage 3 top) and MEP is consolidating after the minor Break Out. Looks like it will give ~20 Cents a work out in the next few months IMO. Volume action looks V positive, not to mention some other indicators.. ..


weekly

Did you trade it D?


Happy trading DYOR


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tryhay
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Monday, August 29, 2016 - 07:56 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



MEP was up >20% last week, & if there is any whiff in the current drilling then price can be expected to lift off.

Daily chart:

Daily







Happy trading DYOR


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tryhay
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Post Number: 1875
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Saturday, July 21, 2018 - 07:52 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



$MEP has offered several trading opportunities, & the current weekly chart suggests that accumulation phase/s (Wyckoff talk ~ similar to Weinstein Stage 1) are completing (price action now retesting support). FWIW it looks like another low risk long with possible Weinstein Stage 2 to still play out.

Weekly chart: Similar to DRM's 2017 entry, the $MEP pattern looks set & even some daily indicators are still to turn positive.

mw


Happy trading DYOR

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