I don't want to jinx it but MAE appears to have diverged from the situation of having the share price under pressure from shareholders who are skeptical/unhappy and also pressure from general market sentiment.
Shareholders appear happier after the last announcement and can maybe see some light at the end of the tunnel. No train noise but not quite sure what the light is at this point. Now it just needs to be able to sustain the pressure from the general market.
Depending on what happens in the US over the next few days, I can see this going back up to test the 65c area in the short term, 1-2 weeks. Just be aware it probably will have to test this area a few times to breakthrough. So it might hit 64-65c and drift back to mid to high 50's at least once probably twice.
If it breaks 65c on high volume and closes above that level it maybe good for a run back up to about $1.10 inside a further 4-6 weeks after that point.
happy investing all.
MAE Price at posting:
54.0¢ Sentiment: Hold Disclosure: Held
