Hiya Goblin,
yes just saw your post.
On the face of it a break above $1.17 is pretty significant purely on the basis of rising Fibonacci targets.
A couple of things though. MAP is showing as strongly overbought not on MACD and has been showing this way since $1.12. Directly related to this the Demand Index has faltered and begun to fall.
Accumulation is still continuing unabated though.
I would expect that some form of retracement is just about due given the pretty solid rise MAP has had in the last month so I probably wouldn't be a buyer at these levels if you know what I mean until either MAP pushes right through the overbought signal or falls back for a retrace.
I'll keep an eye on it.
alpha - could i have your comments please?, page-2
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18.5¢ |
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Mkt cap ! $82.85M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 18.5¢ | $6.178K | 33.04K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 983 | 18.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 226985 | 1 |
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| MAP (ASX) Chart |