MAE marion energy limited
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patterson summary, page-58

  1. alecfra
    5,467 Posts.
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    04/05/09
    22:01
    Post #: 5089586
    A basic technical indicator is a retrace of 50% of previous high....thus 56-32=24c then 32+ 50%24 (12)...then the next high should be back to 44...by the way this was the price of the first sale post announcement....there are many other theories but MAE is now technicality oversold...as selling of panic merchants we should see a steady advance.
    MAE Price at posting: 36.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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