Thanks for the chart Wanelad1...great to get different observations...charts are always the same, it's the viewers' perspective that differs
Primary trend is down, true, price was once $1.80ish...but so are the vast majority of stocks since sept/oct 08...GFC...a chart with a shorter time frame, 3 months would show another story, as would a 2 year chart
Secondary trend is up, true. See how your bottom trend line has been broken 3 times and yet price still trends up, same as your top trendline...notice the green candle after 22/5 returning to the trendline ?
What about an updated chart showing this weeks movements ? I'm sure if you posted some indicators with the chart they would confirm direction...MACD, Stochastic, RSI, etc...
Now if we're talking about the fundamentals...until we get a clear indication regarding the sale outcome, upcoming options expiring, debt refincing etc. MAE is a risk...we all know that...it's a risk some are prepared to take, others not...thats the name of the game
MAE Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
