MAN has reached a recent high of 5.5c and now retraced to test support at 4c. This could be the new support level and if it holds become the new level of support. This is about 37.5%, a relatively big retrace. Let's hope it can recover from here to continue its way. Yesterday volume of over 9.5 million could be the final capitulation. We hope disclosure of the company's drilling program at Newleyline and some results of lithium or rees at Berinka Creek will provide some excitement to shareholders. Management need to listen to shareholders concern and manage to shareholders expectation. Shareholders will only buy if they know there is hope of a great discovery or there is good prospect with the company. They will only know if management provides continuous update and let shareholders know of their plan continuously. Shareholders need to be assured.
MAN Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)