1MC 8.89% 4.9¢ morella corporation limited

todays chart

  1. 8,231 Posts.
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    we have reached the first target, so i would expect we will reach the second target on a reasonable announcement.

    the second target would be the top of the uptrend channel, i would expect a retrace from there.

    posters have commented of the upward momentum without a pull back this can be seen in the macd indicator at the bottom of the chart, i cant remember if i have ever seen it go up so strongly for so long before ?

    lots of people who do not believe in TA actually do the TA themselves in there heads & dont even realize it, hence the comments about the solid upward momentum, using the chart it just backs up pictorially what you your brain is telling you.

    i think a lot would have picked the macd doing a bearish crossover & been caught short .

    27 cents by end of this week, if not sooner is my call.

    ajm_ax10apr15_to_19apr16.png
 
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Last
4.9¢
Change
0.004(8.89%)
Mkt cap ! $12.11M
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Last trade - 15.55pm 16/07/2024 (20 minute delay) ?
1MC (ASX) Chart
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