Taz, only you can set your stop losses. Set em too close and you'll be whipsawed out. Set em too far and you will lose too much capital. It all depends on risk factor and the short term outlook, plus some chart analysis.
IMHO $1.49 is a safe stop loss in the short term. If MAK punches through the $1.50 support then it is heading to $1.30. MAK could bounce back into the $1.50s if something terrible happened (not likely but anything is possible) and then rebound but the $1.40s would signal problems.
At the end of the day it is your money so make your own calls, we are all anonymous people on here (just check out the names)and bear no responsibility for your trading.
stop loss, page-4
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.44M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $16.68K | 1.390M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 3650738 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 500000 | 3 |
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| Last trade - 15.44pm 12/09/2024 (20 minute delay) ? |
| AEV (ASX) Chart |