MAE 0.00% 0.0¢ marion energy limited

puzzling, page-28

  1. 1,014 Posts.
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    For what its worth...I noticed a little bit more aggressive buying in the late afternoon today...I realise that volume is still low, but a few buyers were meeting the bids, unlike in the past few days when the sellers were throwing their shares at the buy depth...what does it mean, I don't really know but maybe we've reached the bottom (didn't I say that a few times already this week ?) anyway maybe things have turned and next week will be better.

    Chart wise, another Hammer today with a long lower shadow looks sort of encouraging, aleast its trying to find a bottom...price back comfortably with the BB, Stochastic has turned slightly, MACD close to crossing over, but OBV still falling...overall still looks a bit dodgy...a few positive days early next week to break this downtrend then we're on our way...of course any annoucement on the positive side and it's a whole different ball game...(trying to stay upbeat)

    With the sp in the high 20s/low 30s it does present a good buying opportunity, (maybe one we'll look back on and say Why didn't just buy more ?)...but I think we're all pretty much loaded up and now like Jeeper said lets just sit and wait.

    Enjoy your weekend everyone
 
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