Hi guys,Interesting chart below & you don't need to be into...

Hi guys,

Interesting chart below & you don't need to be into charts to understand it or appreciate it for that matter imo.

I have a keen interest in this stock as my sis and bro inlaw have quite a few. I warned them when it fell through $2.10 but like many others (friends) sadly they didn't listen..

The top trendline on the monthly chart below is indentical to the bottom trendline ie same trejectory (identical line). The top line was created when the sp topped for the month of June, the bottom line was then simply attached to the bottom of the April candle and bingo it caught the low precisely. Keep this chart as it could provide the July top & bottom imo



I posted something similar on MHM & to my amazement the following months low & high were caught perfectly.

Check it out if you can be bothered :)

original post : http://www.hotcopper.com.au/post_single.asp?fid=1&tid=1419653&msgid=8046140

Chart only http://i575.photobucket.com/albums/ss196/stockhound/mhmmonthly-3.png

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result (post): http://www.hotcopper.com.au/post_single.asp?fid=1&tid=1439377&msgid=8361100

chart only : http://i575.photobucket.com/albums/ss196/stockhound/MHMmonthly-4.png