News: MLD MACA Ltd Executes Contract With Carabella Resources, page-18

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Saragian

4,861 Posts.

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20/10/18

10:15

Post #: 36195599
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Originally posted by sabine ↑

Hello ....it is disappointing isn’t it . Especially after getting the promo fron Barefoot Investor.
Possibly a lesson in what happens when a company is essentially completely institutionally owned and the institutions feel like devaluing it.

Back in June @Saragian kindly posted this chart (when the orice was $1.16.)
here’s his comment :
” I would expect to see a test of the $1.00c. level from here.Cheers

Caution I am an extreme novice but I have pretty well followed and adored Saragian’s brilliance from the sidelines for a couple of years .
so trying to channel a reading ( can’t ask direct atm) the price has dreared around without doing anything much except for a false launch at the upper price line in August. (maybe around $1.47 ?) It needs to reach, crawl over and stay on the other side before things will genuinely start to turn around instead it’s sluggish best effort was a close of $1.41 in August .
I don’t like being stuck here I am staying because I think it is fundamentally OK and I hope things will turn around.
but I am not in a hurry to buy more.

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Good morning Missy Sabine.........the eloquence queen of the Hot Copper (ob)scene....... with the occasional (and welcome) flatus inflection thrown in. Love YOUR work.
I had a peek at MLD a few days ago and noted the share price had slipped off that ledge @ $1.22c.
The first (and obvious) warning sign was the GAP DOWN opening price on 13/11/17 and subsequent tests of various trend support lines (yellow) and various horizontal support lines (orange)..........which gets us to where we are now.
The move down to the $1.06c. level should be met with robust support with probably a slight over shoot. Expect quite a bit of 'horizontal tango' (I know you like to dance) around this level.
Cheers.
(daily bar chart)

MLD Price at posting: $1.12 Sentiment: None Disclosure: Not Held
1 Upvote

1 Great analysis

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