re: macarthur coal turnaround story,line in the sa
Hi SD and UW,
The volume to-day was 1.1 million which has only happened about 20 times or so inthe last 18 months,also finished at 603 up 3 for the day which may indicate a turnaround story.
The share price is precariously balanced and needs to hold at about this level give or take a couple of cents.The charts still look bearish with the next support level at 515-525 approx if the price falls solidly through this level,but to-day may have shown a ray of sunshine.
Safe trading.
Cheers.
Good luck to you SD if you can short trade this stock,but doing it on a daily basis may be the order of the day in the current circumstances.
MCC Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
