investors, page-3

My MAE Charting and used indicators suggest:


Currently, Mae's daily trade volume is reflecting the same volumes that were present when its price was between $1-10 and $1-40. This indicates that little more than profit-taking has been responsible for our recent drop. What differ now is that the volatility of Accumulation Levels are now being guided by the investor and not the trader. That means we will have a stronger price-platform when next we hit a high above $1-10 and that we should not see the "30% of price" retrace from the relative high that we have seen in the last month. It suggests more like a tender 10-20% retrace which is in completely normal boundaries for any surge and grounding.
Accumulation levels favour the seller at present. Or in other words, the sellers are in control as of last Friday and excluding unforseen conditions we shouldnt see much more of a price drop - if any.

We are nearing the 3rd and 4th days for confirmation (Monday, Tuesday) that we will see a price channel of between 80cents and 96 cents.
Next, and ahead of that, we then have a resistance ceiling to bust through of $1-10. If successful, we would most probably be looking at last months highs again. News would dictate this.

Several indicators - in combination - suggest that the share is completely oversold. If this is not enough to jump-start confidence, a little news will do the trick and we should be off and racing again.
Currently, Patersons have a "BUY" recommendation and valuation of over $1-50 for the share.

For the radar watchers, you would have seen the combination of Stochastics (18+ period), Volatility levels and Average Volumes turn bullish in this last week.

For the other T/A's, i only see value in pre-emptive analysis rather than hindsight indicators like bollingers etc and am finding 7 and 8 Indicator overlays the most predictory in this market.

1 - 2 more days will confirm either way for this analysis to be accurate and i will re-iterate then.

I think the daytraders have run their course in this cycle and will now board for the next profit run - you will hear them tolling their bells in the next 2 weeks for sure...according to the charts and my analysis.


Cheers.
PS: Vesry Strong Buy - Im buying at present too.