Cautious is best.
I wish I had had the nonce to sell at open or even better to have been focused enough to liberate most of my shares last week.
20.3 million shares got traded today on ASX ...another 2.19 million on chiX.
Which, beyond shorting and churning still leaves space for something enormous to leave the room possibly with a view to stepping back inside at cheaper prices.
Maybe we will see a substantial shareholder change .
In regards that bottom line on the charts, the price was 94c in December 2014 and stayed low till $1.06 mid April 2016.
65c seems a bit low as an average during that time?
Also whatever else was going on prior to the price fall that year, in 2014 Maca also made fully franked payments of 69c. https://www.intelligentinvestor.com.au/company/maca-limited-12038/dividends
Obviously that doesn’t affect the technicals still it’s food for thought.
During the 18 odd months it stayed low it paid out 23c total in dividends.
For this reason I won’t quit at a loss
Meanwhile two volatile notices in a year is not a good look I agree.
Third time would prove a very unfortunate rule.
Cheers