You could be right winner (The price hit $3.44 the day after it was announced it was to enter the FTSE) but the price is being suppressed at the moment with all the big boys playing their ball games just like over at SPK.
Printable View
MRP daily chart looking vulnerable crossing under the 50EMA and closing below support of the high 12 Nov. Indicators descending but still not over sold. Money flow broken down. This is bringing the 200EMA into play around $2.90. Slim support at $3.13 from the 11 Nov closing price.
For whatever reason MRP is getting beaten up, it's still frustrating. Dividend due 31 Mar is small solace, already lost 10x more capital (from the high) than the dividend will compensate for. A bounce here would cheer me up.
Attachment 7217
BAA
BaaBaa I reckon once the big boys stop their antics( Who knows yesterday could have been the worst over) it should bounce it wants to but every time it has moved toward the mid $3.20s of late big volume arrives and drives it down( Exactly the opposite of a few weeks ago when big volume drove it up regularly at days end) :cool:
MRP closing down some stupid gas station... Does anyone care?
https://nzx.com/companies/MRP/announcements/262195
A good move getting rid of a dinosaur and long term liability at the same time, the 50 mill write off will be offset to some degree by the sale of plant to overseas interests.