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MT ISA METALS LIMITED (ASX:MET) - any ideas on a retrace?, page-9 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
MET
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0.00% 39.0¢ mt isa metals limited

any ideas on a retrace?, page-9

  1. swarby
    696 Posts.
    lightbulb Created with Sketch. 25
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    22/02/12
    14:59
    Post #: 9733445
    From what I have seen and read we may be in a second wave or run. I got out at 42 with an avg of 27. If it goes to the lower pullback figure I would be back in. 42 looks like the resistance point-I am not a chartist so those that are pay out on me as much as you want. Just give me some tips while doing it.Ta.
    IMO we could see a pullback to 34-36. If we hold in this pattern for a while that is possible. But if we are in a push in a second wave once 42 goes the pullback point should be around 40-41 which is where we are now. Fast stoc is indicating a sell but not with much punch. Compared to the gold and silver index MET is oversold so I am going with middle ground and calling 38 for a pullback. This is with no positive news from ANNs of course.
    Good luck all
    MET Price at posting: 41.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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