why is mak being targeted?, page-29

Kevi,

What you need to look at is not a possible support level in isolation but how the price move today relates to the price channels MAK has been trading in.

Below I have amended your chart to include MAKs price channels. As discussed the other day, a break below 50c is a clear move away from the top of MAK's price channel so it is clearly heading for the bottom of its channel at about 20c.

I'm not intending to scare or downramp. After today's action, future price movements are clear. If anyone thinks that making a post such as this will affect where the MAK price is now heading they do not understand how price channels work (that is why I have added the numbers on the channels to show this clearly).

If you understand why the price fell sharply today (ie. this is the typical large move to break away from a channel edge), now is IMO the time to employ a stop loss. A break below 50c is also IMO a significant break of a key level. Selling now then buying back at 20c is IMO a much better trading/investing strategy than just continuing to hold down to 20c.

Anyway, everyone makes their own decisions. Good luck to all holders - whether you decide to hold or sell and buyback lower down.