MAT 0.00% 2.7¢ matsa resources limited

Top resistance breached. Could have sat in and made a bit more...

  1. 3,290 Posts.
    Top resistance breached. Could have sat in and made a bit more profit but fortunately for me there have been some very good movers the last two days with much cheaper entry prices. I was happy to see this retrace back to the main zone on my chart (black truncated line) even happier to see the Bulls push the wick up. Just not sure if it's enough of a retrace.

    Presently I'm still waiting on The retrace and confirmed bottom or a continuation of the run and the top resistance breaking, not just breaching. On the top resistance breaking this will run much higher.

    I think it needs the retrace prior to this running. On a retrace I'd like to see 0.44 hold as support.

    I'll wait to take a position until one or the other occurs.



 
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