Hello Maestro ..... your flex always impresses, and those are (doubly) incredible charts.
A technical essay ?
Thank you for posting them.
... And I am thinking double tops have double bottoms? ...And double bottoms are bullish?
-And MACA galumphed up to a high of 865c yesterday and a very teasing 885c high today? (and - at 777c, it seems I definitely came too early!)
Saragian, I looked up what was going on fundamentally at your 2015 ‘incision point (on 13/07/15?) when the energy turned and aimed to have a go at broaching your 89c level. ( It finally managed to do this on 18/02/2016.)
...Around incision point time - on 15/07/15, MACA announced new strict rules about insider trading by KMPs - key management personnel! [here] .... and ooh that did invigorate the price!
There was no other news till 18/08/15 when a new director, Robert Ryan, was elected to ‘chair the board’s renumeration committee [here]...(and ‘ooh’ again.)
Two days later, on 20/08/15 MACA announced a small? ($7.5M) JV contract for DMR and noted Mr Ryan had also joined both the Audit and Risk Committees [here].
- It seems new blood was needed back then too?
...The new energy circulated for exactly five months and then the price DID clear the 89c level- as said on 18/02/16 with MACA kicking off that calendar year 2016 with a flurry of promised contracts, the purchase of Alliance Mining, and more
......and will the same thing happen this time round as well ?
Fascinating.. and thank you again Saragian for sharing your work, and my fingers are very crossed the 89c line in the sand will be too!
Cheers
- Forums
- ASX - By Stock
- MLD
- MLD chart
MLD chart, page-43
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MLD (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online