MX1 6.10% 7.7¢ micro-x limited

MX1 chart, page-12

  1. 226 Posts.
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    Seeing as this is a Chart thread, and there aren't any charts, I've thrown my amateur hand at something.

    Long term downtrend from 2017 was clearly broken back in November 2020, and then the old resistance line became support perhaps in August this year?

    https://hotcopper.com.au/data/attachments/3634/3634750-ad4aeea1f291f7b24fff849d14fe8d24.jpg

    Now on a shorter timeframe view (since we broke the old resistance line), another breakout occurring perhaps?

    https://hotcopper.com.au/data/attachments/3634/3634758-db10b79fbb86092bf2cff9fc061ba4f7.jpg


    Again, I have no experience in charts, other than noting a trend is typically not confirmed without a minimum of 3 "touches". Not sure my "touches" are good enough, but the fundamentals of this company long term with the 4 different pipelines in progressive "completion and commercial release" stages bodes well for a long term hold in my opinion.

    If any actual chartists could try and improve my rubbish above (for better or for worse, that's fine by me), it would be great. Thanks in advance!
    Last edited by Rangerandherra: 29/09/21
 
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