Welcome To The Metanor Resources HUB On AGORACOM

Metanor (MTO-V) is a new Canadian Gold Producer located in Quebec. It reached commercial production on December 1, 2013 and will produce 50,000 oz in calender 2014 with a present all-in cash cost of $1,018US.

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Message: Re: Brief technical analysis!

Feb 10, 2009 03:55PM

Feb 11, 2009 04:55AM

Thats funny Oz! These days technical trading is the only way to go fundamentals only apply in certain cicumstances. Our last rally was definately a technical rally we were in a pattern of consolidation traders seen we were undervalued the charts and and indicators looked good so here we are. If this stock was driven by fundamentals we would have been over $2.00 long ago!

Right now we are overbought there may be some selling off these indicators however it will most likely be short lived as that 200 day moving is hovering near by and with some news we will cross this line and when we do look out this is a very bullish indicator the institutional investors are paying attention right now we have resistance at .60 cents but fundamentally with gold at 940.00 we could be looking at new buying either way we will see shortly how it all plays out!GLTA!


Feb 12, 2009 02:15AM

Feb 13, 2009 04:59AM
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