M1

M1 - 6th June 2016

M1 after touching the low of 2.32 on 20th May 2016 it had managed to trend higher to touch 2.51 on 6th June 2016. This is quite positive.

Today it had a very nice run-away gap up and closed well at 2.50 couple with high volume and cleared the overhead resistance at 2.48. A significant break-out which in my view is very positive/bullish.

Both Macd & Rsi are also rising which may provide further indication that the share price may continue to trend higher.

Short term wise it may continue to trend higher towards 2.60 then 2.64 with extension to 2.71.
(trade base on your own decision)