Hello Maestro ..... your flex always impresses, and those are (doubly) incredible charts.
A technical essay ?
Thank you for posting them.
... And I am thinking double tops have double bottoms? ...And double bottoms are bullish?
-And MACA galumphed up to a high of 865c yesterday and a very teasing 885c high today?
(and - at 777c, it seems I definitely came too early!)
Saragian, I looked up what was going on fundamentally at your 2015 ‘incision point (on 13/07/15?) when the energy turned and aimed to have a go at broaching your 89c level.
( It finally managed to do this on 18/02/2016.)
...Around incision point time - on 15/07/15, MACA announced new strict rules about insider trading by KMPs - key management personnel!
[here] .... and ooh that did invigorate the price!
There was no other news till 18/08/15 when a new director, Robert Ryan, was elected to ‘chair the board’s renumeration committee
[here]...(and ‘ooh’ again.)
Two days later, on 20/08/15 MACA announced a small? ($7.5M) JV contract for DMR and noted Mr Ryan had
also joined both the Audit and Risk Committees
[here].
- It seems new blood was needed back then too?
...The new energy circulated for exactly five months and then the price DID clear the 89c level- as said on 18/02/16 with MACA kicking off that calendar year 2016 with a flurry of promised contracts, the purchase of Alliance Mining, and more
......and will the same thing happen this time round as well ?
Fascinating.. and thank you again Saragian for sharing your work, and my fingers are very crossed the 89c line in the sand will be too!
Cheers
