MLX 1.14% 44.5¢ metals x limited

First tick at .335, but wicks forming on the baseline of my...

  1. 1,090 Posts.
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    First tick at .335, but wicks forming on the baseline of my hourly linear regression channel, which also hits my 45 min 200 ema.

    Might see a bit of strength into close from here, but there looks to be a battle of the buying / selling activities around 34.5, which may act as a new resistance for a while.

    .33 is a really strong support, but my previous range around. 335 looks intact, so far.

    Lower market liquidity coming into the long weekend and school holidays distorts markets somewhat and with the Yanks holding out a heap of economic data until good Friday, plus quarterly rebalancing at the end of the month, we might see some REAL market gyration into early April.

    We could see 31/2 struck if things do get weird, but I bought a handful more morning at .34, with full knowledge that I will probably chase the falling knife on the way down, if it happens.

    Anyway, time for this old crayon eater to go buy some unloved coal stox, then top up the cellar with some more $4.95, Easter moscato.

    As you were....

    Last edited by Ronzo1010: 26/03/24
 
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