puzzling, page-31

Hi Darkcloud,

I've now gotta ask..... If you were a person looking to buy a stock now, if you looked at the chart would you buy MAE?

I look at the chart now as i do any other and after analysing it, I would have to say I wouldnt be buying this now.

On the daily, it has breached the moving average and the MA is heading down.
The support line which i viewed to be about 32-33 has now also been breached.
The stock is also now trending down hitting lower low after lower low.

The MACD is not only trading below the 0 line but has now also crossed over to the negative and the gap between the MACD upper and lower lines is widening.

The momentum indicator has dropped below 100 and is now down to 79. (for those interested above 100 is positive)

Please also keep in mind that these are 'indicators' and there is always a lag time when using them.

Lastly when using the tech analysis for a stock like PES when PES ran,
If you turned the chart of MAE upside down you would have what PES looked like... The stock broke to the upside before news of any takeover offer... Mae at the moment is moving the other way....


Cheers