Pete I Have been pretty quiet for the last few weeks (holidays), but have been posting a little on the resistance lines. The first resistance was at 58 cents (smashed), then a smaller resistance line at 65 cents.
There is a current vacuum IMHO until the 85 cent mark. Considering the intraday rejection of the 54 mark yesterday, it is fairly confident at the moment. The previous support was fairly solid at 85 cents.
As MACs has put it, MAK is difficult to trade from a TA perspective at the moment. Those looking for short term trading will find it difficult to maintain stop losses due to whipsaw action (see yesterdays trading candle). Candle stick action of the last few days is encouraging though, especially with the bullish engulfing candle yesterday.
I have been holding due to FA reasons for the whole time (18 months) trading it would have been more profitable in hind sight but I would have found it difficult to maintain my large position.
Pete I Have been pretty quiet for the last few weeks (holidays),...
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $29.74M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $19.80K | 1.774M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1796544 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 1000000 | 1 |
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| Last trade - 15.01pm 06/09/2024 (20 minute delay) ? |
| AEV (ASX) Chart |