MCE 0.00% 26.5¢ matrix composites & engineering limited

Yikes, ccp has a scary weekly chart for those that were in it...

  1. 15 Posts.
    Yikes, ccp has a scary weekly chart for those that were in it back in 07/8.

    It's currently smack in the middle of a symetrical triangle on the daily, could pop either way. Short term downtrend but medium/long term uptrend. I would wait for a break of the triangle one way or the other, and for extra confirmation if going long I'd wait for it to close above the 90MA just to guard a little against a false break.

    I wouldn't trade FGE, no clear direction.
    I wouldn't trade GNG, not enough trade history.
    I wouldn't trade MLD, not much history and it's trending sideways.

    I'd be better off just moving on and looking for stocks that show a clearer trend. ccp is the only one that might give some direction out of the ones listed.

    That's just my opinion though.

    I'm still confident of MCE heading south. Nothing has changed that view since my initial thoughts on it.
 
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