It does look like MAN has broken out of a short period of consolidation. It is looking closer to a cup and handle pattern developing. I like the similarity of a Weinstein stage1 breakout and now in stage 2 at an early stage. The 5 days moving average is above the 20 days and 50 days moving average which indicate the share price is bullish and about to move up again IMO. With DD completion in the near future holders do expect some movement in the share price. I am cautiously optimistic MAN will give some joy to shareholders especially those that subscribed to the 20c shares offered recently. New entries could be looking for a profitable ride on MAN. The share is trading a little better than the cash of $17.2 million it holds and with Delfin grades of copper, I can see value in MAN at current share price with more upside to come.
MAN Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
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