The shareprice has danced around 45.5 a few times. Having settled on it yesterday is excellent confirmation of it being a respected price and therefore and accepted support level. This is the foundation for a rally to 55 then 67 cents. My previous analysis will explain it for anyone who would like to know the details.
Monday should open the same and from there i hope to see it settle on 0.48 or better by close. It needs to do this in the near future for the 45.5 - 67c trading envelope to be revisited, but this time with a trend pushing it.
Cheers
Lautrec.
MAE Price at posting:
45.5¢ Sentiment: ST Buy Disclosure: Held
