Sorry, can't post chart (as I don't technically know how to!) but if you draw a down trendline through the all-time high of 2.95 on 18/4/08 and the retrace high of 1.64 on 1/9/08 you'll see that it was touched at 0.56 on 18/12/08.
Yesterday and today's trading action show that this major trendline has been breached!
Now that we are technically on the "buy side" let's hope for a reversal in MAK's fortunes.....
The market in general is looking better these last few days, with commodities showing some signs of life again (AUD too).
MAK has had a 6 week period of base-building, be nice to see some increasing volumes, but I suspect we are about to embark on another run....
Good wishes to all holders.....
AEV Price at posting:
45.6¢ Sentiment: LT Buy Disclosure: Held
