gday liedermj chart from mmm gday LiedermjTwo pointsMy Middle...

gday liedermj chart from mmm gday Liedermj

Two points

My Middle Monica is Mud

please cut out the magical it may get me deep in the poo..
I dont believe we have chatted before so I must caution you.. the earlier chart was hand drawn for Bachir at midday on friday when SML was at 17c..
It had gapped up on open and then filled the gap on closing at 16.5. you will need to look back some 10mth to the previous High closing price which was 16.5..This is bearish black candle and a possible reversal however combining the solid volumes and closing price on the high I would only guess that it will continue long
This is where your FA knowledge may sway the balance

It has made a good break from the accumulation point at 13c some profit taking expected..I dont believe it will retrace very far If at all though it is a high percentage tick range and stoplosses are essential..
All in all one for the close watchlist on monday 20c would easily be on the cards if 18c breaks

best of luck