Metanor Resources Inc. (fka MEAOF)

[TrendTrade2016]

this ticker exhibiting a strong trend on the weekly that has been consolidating for 3 months. In this consolidating period the accumulation indicators are showing a lot of buying. the weekly trend is very much in tact and the daily is just shifting towards its trend and getting back above trigger resistance at .0779. The bands on both weekly are nicely forming and getting ready to open up. The weekly and daily averages are nicely positioned as well. the only issue i see here is the float is rather large but with the strong accumulation in the past 3 months the float could be getting lighter. It appears next week it will test 12c. For a longer outlook the monthly coming out of a narrow band channel and is heading to the top band.This would take the pps to .16 cents down the road. It doesnt move fast but a very nice play here.

GLTA
TRENDTRADE2016