RE: MRE10 Sep 2025 07:42
Don’t think it’s forming a head-and-shoulders pattern currently because technicals, the momentum, moving averages, medium-term trend all remain bullish. Volatility, upward momentum, and strong news flow create expansion, not an impending reversal. News continues to favour further upside, with positive drilling results, resource updates, imminent MRE and growing investor confidence driving the trend. So rather than setting up a reversal, the stock is being lifted, making it unlikely to form the symmetric peaks of a head-and-shoulders base.