After 4 months of steady decline I think it has overshot the mark. This always occurs, just as occurs on the way up.
Even if long term mak fizzles out and everyone loses there money, there will be rallys and bounces and I think we are poised for a major one. It has just fallen too hard over too long a period to continue to fall IMO. Believe me, I have watched plenty of these charts over the years. Plenty.
Don't forget the Nevil Bergin factor. When hot shots from major mining companies come on board, they give things a red hot go. And they don't flog dead horses.
btw - I don't think mak is going to fizzle out!
AEV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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