MYL 0.00% 70.0¢ mallee resources limited

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  1. 4,435 Posts.
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    I think the tail of the candle will cut through 4 cents support hitting 3.6-3.8 cents briefly , but yeah those are my close figures, there is only so much loss holders will take before just holding the stock.

    Some holders will just dump on opening, they will take the heaviest losses, then there will be those who will just hold because the losses are so significant and supply will dry up..

    here is a 4 Year long term chart,

    Basically everyone on the share register at 3 cents is at a massive loss, this is a 4 year chart.

    near everyone on the share register above the orange line has lost money at 3 cents. do you think they will sell at 3 cents? or just hold.


    https://hotcopper.com.au/data/attachments/2939/2939487-f0ab722396c0858ab8eeddf8a3254feb.jpg








    Last edited by Arranging: 23/02/21
 
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