MAP 5.88% 18.0¢ microba life sciences limited

impending bearish reversal

  1. 41 Posts.

    looks like MAP might take the dip sooner however the current trend suggest a continuous upward move. A hammer has just formed and coincidentally at the level of 50 Day SMA. Whether the anticipated upward move breaks the set resistance of 4.5 is what i will be keen to watch out for. For a trader, an entry point at this level of 4.380 doesn't seem bad. I am thinking of jumping in now, ride the wave to the current resistance and if penetration occurs, i hang in however jumt out if 50Day SMA is breached during an attempt to outdo the resistance. I am not very certain of the time frame, but a month is certainly not too optimistic i suppose!
    Any ideas????
    Ptole
 
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Last
18.0¢
Change
0.010(5.88%)
Mkt cap ! $80.61M
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19.0¢ 19.0¢ 18.0¢ $43.12K 233.2K

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1 50055 18.0¢
 

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19.0¢ 121651 2
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Last trade - 14.26pm 30/08/2024 (20 minute delay) ?
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