mae - charts - technical analysis, page-53

Crikey i cant believe this mumbo jumbo in this thread has not changed. I post this chart to show you what the chart is really saying as a picture.

Note the primary trend is down - yep down! as can be seen in the chart posted here. The secondary trend is trying its best to make a recovery and forming a channel up and is that weak it put a hole in the floor as can be seen on the 22nd May.

WHen the price gets a tad high (top of channel) you can see where i have marked the end of day sales are down, eg price never seems to close on its high (weakness).

This stock seems to be living on borrowed time, and if I remember correctly the fundamentals are quite risky as well.

I say this as some here are trying to dress this stock up using technical analysis that is bogus. Take a look at this chart over a longer period and sum it up for yourself.



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