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5,051 Posts.
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26/01/15
06:53
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What is the chart saying? TP=$0.50
MLD were side way, $1.75 -- $3.00 for > 3 years.
became a downtrend since the beginning of 2014.
the downtrend speed up downwards since SEP 2014.
-----> TP=1.75 - 1.25 = $0.50
miners cancel or delay projects.
it was not first one, would not be last one.
ASL lost a contract in OCT 2014. SP was $0.87 and now is $0.365, down 58%, more than a half has gone within 4 months.
(I added shorts)
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