I would be surprised if MAK gets below about $1.10 in the short term....as a previous poster noted...this stock rises quickly on large volume and drops on small volume....to be that spells accumulation...
With domestic interest rates dropping and oil looking to stablise around $100 a barrel....this may not move too much more southwards...
Looks like one to accumulate on weaknesses (i.e. like today's drop) and build as it appears to have some positive attributes going forward into an improving market come 4-6 months time...
My opinion and not financial advice...do your own research.
how low will it go, page-299
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $11.74M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $1.464K | 302.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 19586419 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 1079100 | 4 |
View Market Depth
| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| AEV (ASX) Chart |