Activity at 2pm WST: Open : .315 Close: .32 Hi/low : .325/.31 Total vols: 9 766 503 VWAP: 31.701
Definitely a seller there, but at least they are getting absorbed as well.
Technical triple top @ 30 min/ 2hourly around. 325, so let's see if there is real momentum to go over the hump, or if selling pressures push back to. 30.
So far all indicators still showing strength through all time sectors of today, which hopefully bodes well for a positive open tomorrow.
Will keep an eye on momentum short term indicators around the .325/.33 resistance levels and see of there is a motivated buyer, or seller, to run the channels, not withstanding any price sensitive announcements. ( hopefully we dont see the usual 5pm announcement today, or we will probably go back to groveling in the .27/.285 channel once again... )
Couldn't help myself and bought some more today, simply out of curiosity about the strong volumes at open. No more until after the hold above .33 EOW though. ( he says as a self imposed warning. )
MLX Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
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