MAN's chart has a bullish pattern.. Only recently it has established a runaway gap with 63 million shares transacted against an average of over a millions daily. On Tuesday, the share price went up 10% again with good volume, 12 million. It now retrace 50%, a Fibonacci ratio. MACD is positive with a golden crossover and RSI is over 50, all indications of the bullishness in the share.
It looks like shareholders like the directions the company is travelling which is reflected in the share price. shareholders also showed that they are in favor of the new acquisition as the share price increases on bigger volume than average. I am optimistic things will be a lot better than what they are currently and accordingly I have started to increase my stakes in the company. I am confident that I have make the right direction and I like to be open minded in my observations. DYOR for your own financial decision or consult your own personal financial adviser. Good luck to holders.
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