Poor finish. &.4/7.5 very important as MA200 with previous gap down. Showed some signs of volume in anticipation but didn't test. the 2 immediate possibilities are 8 c support becomes res as we saw late today. there is also support at 7.4/7.5 that needs to be confirmed. What we are looking for prior to entry unless one can DT is to see where this stock settles or consolidates - a basing pattern. Otherwise the volatility is immense and can cause serious heartache. Just be careful people as it is very risky at this stage. from a basic TA perspective for a beginner keep an eye on the buy sell orders to start turning before even exploring any TA any further for a long position. Have a good wd - disappointing week especially for the latecomers but good for holder pre halt.
MRF Price at posting:
7.7¢ Sentiment: None Disclosure: Not Held
