re: like a runway train through Fassifern...MAY is encountering...

re: like a runway train through Fassifern...

MAY is encountering the last significant resistance at $4.63 before a test of the $4.95 high. Then much higher.

Anyone watching the daily trading in MAY knows the stock is being accumulated aggressively, particularly late in the trading day. The red line on the chart (below) is the accumulation/distribution index, and it reflects the action very well in this case.

Does anyone have news on the possible break-up/demerger? I have heard that both Sigma and Australian Pharamaceutical are very interested in the relevant MAY businesses not to mention overseas predators, but a report from MAY management on the merits of a demerger or break up could take until Christmas? Valuations? Market seems to be hinting at a lot higher than where we are atm.

Note the neat 61.8% retracement and a quick recovery after the last sell down. Always a good sign for the longer term