MAE 0.00% 0.0¢ marion energy limited

whats the g.o. here, page-10

  1. 1,002 Posts.
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    ok here's my 2 cents, or should I say 45c :)

    I think today was a little rest day after our recent run. After the gap down on opening and then dropping to 41c the sellers were in control but during the day, and on closing, the buyers regained control and it closed at 45c, same as opening. This resulted in a Doji candlestick, or maybe a Dragonfly Doji (long bottom tail) which is ok for the moment as I don't think its signalling a change of direction. Price closed back in the Bollinger Bands, which 95% of the time it will (price will never stay out of the BB very long, 2 or 3 days max). Volume today was the highest since 21/11/08 when we hit a low of 11.5c. MACD is still very positive with the histogram just dropping very slightly. Stochastic has dropped to around 80 so the steam has come out of the uptrend, for now. OBV (not on this chart) is stilled fanned out & looking very bullish.

    So MAE is just catching her breath for the next run...which, when the IRR is released, will take us to highs we havn't seen since mid last year. Today was the result of some profit taking from daytraders and maybe some early morning nerves from yesterdays speeding ticket. All long term holders know that it takes nerves of steel and patience riding the MAE train, but we're still on track and getting ready for the final journey !



 
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