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  1. 3,290 Posts.
    As requested by G6.


    Starting to look interesting. Nice solid foundation along 0.31. Needs more volume and a strengthening of the indicators, as we are all aware even the biggest of the giant Red Woods came from a tiny seedling. So it's been sitting in a nice range bound area. 0.31 to the 62.00% Fib since Nov.

    Presently I'm just looking for day trades until this can break out of that range bound area. On a break out of the 62.00% Fib I have 0.495 as first likely target. A failure to break the range bound area will just see further side ways trading. With the volume recently I doubt if it's enough to break the 62.% this time around, so more volume and strength is a necessity for this to break out. imo.

    Will update as the chart progresses.




 
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Last trade - 11.00am 03/07/2024 (20 minute delay) ?
MAT (ASX) Chart
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