MLD maca limited
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What is the chart saying? TP=$0.50

  1. HSP
    5,051 Posts.
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    26/01/15
    06:53
    Post #: 14639685
    What is the chart saying? TP=$0.50

    MLD were side way, $1.75 -- $3.00 for > 3 years.
    became a downtrend since the beginning of 2014.
    the downtrend speed up downwards since SEP 2014.

    -----> TP=1.75 - 1.25 = $0.50

    miners cancel or delay projects.
    it was not first one, would not be last one.

    ASL lost a contract in OCT 2014. SP was $0.87 and now is $0.365, down 58%, more than a half has gone within 4 months.

    (I added shorts)
    MLD Price at posting: 89.0¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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