Hello Syder, thank you for sharing your technical observation, it offers possible direction. Charts are nothing more than visual representation in changes of share price, they tell a story as you mentioned in your post and I in mine, they cut through all the rumors, headlines, fundamental's and hype, they paint a picture of what is going on with a stock.
Yes I agree with you, I am content with MUX's performance at this point, MUX is holding up very good, I have to keep in mind that this is a company that has a small market cap with a poor earnings history over the many years and with no copper production as of yet.
The higher highs continue with minor pullbacks, it keeps pushing the upper Bollinger line gently higher which is preferable, the 20-day ema crossed above the Bollinger's center gray line nearly two weeks ago, another plus and I see a successful test and close above the $19.22 now. A notable event is that the 20 and 50 day ema's never crossed, a show of strength and conviction for a stock that's struggled over many years. MUX has had two high's at $19.73 followed by yesterdays high of $19.74 which opened the path to the lower end of the gap-down, which is the $20.66 from 10/23/25.
I'm hoping we cross the 38.2% fib line at $20.10 soon, and then test the pivot at the 23.6% fib at $21.93 Hoping that the higher highs continue. A safe and happy weekend to all. James.
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