AMU amadeus energy limited

bounced off 95c support line, page-2

  1. MJS
    2,293 Posts.
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    Yep. Over the past 9 months the highs have been getting lower, and the low (95 cents) has held. From a chart perspective this looks to be approaching the end of a flag (I'm not a chartist, so excuse any incorrect terminology).

    Fundamentally a sound stock. If the above is right, this could be set for a strong rise shortly. Catalyst? Maybe the half year report.

    Now is the hardest time to buy or hold - a poorly performing stock in a strong market. Me, I already hold (albeit from 10 cents many years ago). I think long-term (and maybe short term) rewards will be evident from this level.

    MJS
 
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