chart thread only please, page-2

Macs it has been different these last few days with MAK.

You get the feeling that the $2.60 mark is the double bottom but that the rise due to come won't be that strong, it may take a few small rises before jumping 8% or more.

The trend lines from the channel looks quite accurate and indicates a possible run up of only $3.30 in the next leg up. (I know it is 70cents up from here).

As MAK is devoid of news at the moment there is little possibility for an excessive bullish run above the channels you have posted. I believe that the fundamentals will change in July-August as results filter through the market due to the readings from Arruwurra with a possibility of starting the projects earlier or with cheaper capex. But until then I am happy with the channel rises. Can't complain with a rising stock!