MAN has returned to retest support at 4c, it is all good as I do not expect MAN to rise without any retracement. 4c was the previous resistance level, which has now become the support level. I will post chart this evening to show my understanding of the chart pattern. Traders may see this as another opportunity for an entry. Looking at the fundamental aspect, MAN is trading near cash value, so Berinka Creek and Newleyline are bonuses for buyers at this level imo. This means value as any discovery of gold and copper at Berinka Creek and other commodities located at Newleyline are bonuses for buyers at this level. The shares are trading at 40c and the market capitalisation is only a couple more than the cash holding. I see great value in MAN currently.
MAN Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
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