In the Spotlight — MFN

While most of the markets have been backpedaling over the last few weeks, Minefinders Corp. has been pushing forward towards the all time highs it formed in late April.  It has been flagging in a pretty tight pattern over the last couple of weeks on light volume and was able to hold its rising 20 day moving average on Monday.  If it can bounce upwards from this support, it has a good chance of breaking out of its bull flag and possibly break its April levels and enter “clear skies”.

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Posted in Charting & Analysis, Charts, Stocks, Watchlist