X64 0.00% 57.0¢ ten sixty four limited

price action suggests a holder is exiting, but that also seems...

  1. 5,583 Posts.
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    price action suggests a holder is exiting, but that also seems to be symptomatic of the general market atm - correlation between AUD:USD xchange and XAO index seems to have broken down, Oil hit new daily highs, oilers on the market being dumped, commodities moving up, commodity stocks being dumped... all suggesting a shift by "Oz" based funds from shares to cash - likely to be wrong once again. Most asian markets trading higher or only slightly off. XAO down 0.7%.

    MML to me is irresistable at these prices, bought back in at $4.17 and $4.18. Thought I'd never see it crack below $4.40 given the z00ming gold price :) Could go lower to say about the rising 200dma at about $3.90 and bounce from there, technically the stock price had a downside target of $4.11, possible bounce off the rising 100dma at $4.15... these prices are good enough for me :)

 
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