MRX - close to a break out?

It seems plausible that we are close to a break out in MRX. Why? Well looking at the chart, we can see that MRX has broken out of its downtrend. There is a firm basis for the start of an uptrend, but skeptics might like to wait for greater confirmation, which would come from a break above 9.5c. But why loose 5% profit on a company which is expanding output by 60%. The fundamentals seem compelling.

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Andrew Sheldon www.sheldonthinks.com