technicals

G'day,

Technically MAK is using a base of $0.40 from which it held above a 50% retrace at $1.27. Holding this confirms long term bullish trend.

It then traded above the the 23.6 % retrace at $1.70. Again, confirming strong positive trend.

$1.50 is the 50% retrace from $1.27 to $1.72. Absolute bottom I feel would be the 62% retrace at $1.45.


I feel by the end of next week and some consolidation in the 1.50, it will be ready for another attack on $1.70.


The consolidation at the moment is perfectly expected.


Nothing subjective in this analysis, just the facts.


I have been buying this morning.



Happy Easter