charts ?, page-7

hitting 60c took about a week longer than expected but well and truly hit through today.
Looks very much like fund managers buying.
12.3m total buy volume to 1.6m continues the scarcity of stock and the under valued nature of MAH.
The increased interest was over due and the forward price is open now.
Some day trading will push it up and down a few ticks as well as some of those who bought on the way down from $1.50 levels in the sept 08 to nov 08 period last year. There has been some profit taking from thse who bought under 40c in may to july but I'd expect it to range from the 60c levels now though to 70 to 75 this week and put further increasing pressure back towards $1, possibly by the end of the next 30 day trading period. Today looks like it's starting to warm up to the 70c levels but this will depend on the targets the fund managers have short term. Long term I'd expect they'd be looking at the $1.25 vicinity.
Today's total market depth has been pretty consistent with about 12m on the buy side and between 1.7m to 3m on the sell with 64c looking to be the high for today. For fund managers, it's only $400k to push it through to above that.
With 9.3m shares traded before lunch today and taking into consideration the high volumes over the last week or two, the ratio's look set to stay heavily weighted on the strong buy side and putting further pressure on an increase in price as sellers continue to trade their position. A bit early from what the data suggests.
I could be a bit conservative with the above comments as I see it's now first seller at 64c.