The resistance points are starting to advance but the 3 month trend is yet to be bullish but that can change any day.
SHORT TERM COMMENTARY: MOLOPO AUSTRALIA LIMITED [Friday 9 Apr. 2010]: (Autocomments) MOLOPO AUSTRALIA LIMITED is up by 4.17% yesterday from AUD 1.20 to AUD 1.25 In the last 10 days the price of MOLOPO AUSTRALIA LIMITED has been rising in a total of 6 out of 10 days, and is up by 10.62% over the past 2 weeks. Volume also increased last day along with the price which is positive technical sign, and in total there was traded 0,36 million more shares than the day before. In total there were bought and sold 1,50 million shares for approx. AUD 1,88 million.
3 MONTH TREND MOLOPO AUSTRALIA LIMITED lays in the middle of a wide and weak falling trend on short term and further fall within the trend is signalized. Given the current short term trend the stock is expected to fall -4.4% during the next 3 months and with 90% probability hold a price between AUD 0.99 and AUD 1.29 at the end of this period.
Support/Resistance |s Support 1: AUD 1.20 Resistance 1: AUD 1.30 Support 2: AUD 1.18 Resistance 2: AUD 1.32 Support 3: AUD 1.15 Resistance 3: AUD 1.37
MPO Price at posting:
$1.25 Sentiment: ST Buy Disclosure: Held
