MAE 0.00% 0.0¢ marion energy limited

turning point, page-17

  1. 1,242 Posts.
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    Except for the SAR, which on my chart is an upside SAR you're right ... now .... I wrote that post yesterday when MAE was sitting in a 1 cent rise at .215, A couple of hours later, a selldown took it down to .19 and where indicators were tweaking up (Twigs had an upside hook on it) they became at best apathetic.

    And the MACD ... yep ... what was I thinking?

    I should have waited till the end of the day to write my post - coz it was the selling which changed the chart from hopeful to ... not so hopeful

    Silly me.

    So as I look at the chart now, you're right, it does look a bit pathetic.

    Twiggs is as low as it was in the doldrums of 03

    And the Bollingers are still closing in, indicating a breakout one way or the other.

    For this reason and because .20/.21 support looks strong, and the upside SAR (on my chart),I'm keeping to my prediction of an upside breakout within a week.




 
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