national australia bank now owns close on 8% , page-5

Hi onyx....that's a tough question. As the market is in a correction regardless of the quality of MTU it may be caught in the crossfire. From a charting point of view the outlook is mixed. The double top at $1.69 and the break to the downside is bearish. However there is good previous support at $1.39 and the long term uptrend line touches $1.39
If it can hold the support then a great time to buy - you could buy now at $1.40 - $1.45 and place a stop loss at $1.35 to average down your entry price. The half yearly's come out on Feb 26th. My feeling is with the bearish mood in the market if the report falls short of being absolutely fabulous ( and this go for all reports ) it will be sold down. MTU has a habit of surprising to the upside in thier reports so makes it even more complicated - i.e market expects it. Having said all that it's a great stock and a $2 share sometime in the next 18 months.