Mporium (MPM), “the technology firm delivering event-driven marketing, is pleased to announce that it has conditionally raised approximately £2.3 million… at an issue price of 5 pence per subscription share”. This is with CEO Nelius De Groot emphasising “the group continues to make strong progress”, and the price comparing to a prior close of 4.3p. So great news then?...
At Mporium, even though the charting history is a relatively brief one going back to just June, it can be seen how this stock already appears to be very much on the front foot technically.
If nothing else the daily chart of shares of Mporium Group (MPM) provides us with a lesson that you do not have to have years of historical data to make sense of a charting situation. This can make identifying a share price target tricky.
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