Dalian Coking Coal has just hit a new all-time high this evening of 3,300 yuan (USD$512.65) per tonne.
We believe Morien Resources (TSXV: MOX) is about to rise to new 18-month highs.
MOX bottomed on Thursday at $0.45 per share before exploding on Friday to a closing price last week of $0.52 per share.
MOX has been dipping every time its 14-day relative strength index (RSI) surpasses 80 but then rallies to new 18-month highs afterwards.
MOX's current 14-day relative strength index (RSI) is only 58.45.
The last time MOX closed with an RSI equal to or below 58.45 was on September 15th when MOX previously bottomed at $0.345 per share with an RSI of only 55.32. Afterwards, MOX rallied on 10 of the following 13 trading days to hit a new 18-month high on October 4th of $0.64 per share.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.