MAP 6.25% 17.0¢ microba life sciences limited

impending bearish reversal

  1. 41 Posts.

    looks like MAP might take the dip sooner however the current trend suggest a continuous upward move. A hammer has just formed and coincidentally at the level of 50 Day SMA. Whether the anticipated upward move breaks the set resistance of 4.5 is what i will be keen to watch out for. For a trader, an entry point at this level of 4.380 doesn't seem bad. I am thinking of jumping in now, ride the wave to the current resistance and if penetration occurs, i hang in however jumt out if 50Day SMA is breached during an attempt to outdo the resistance. I am not very certain of the time frame, but a month is certainly not too optimistic i suppose!
    Any ideas????
    Ptole
 
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Last
17.0¢
Change
0.010(6.25%)
Mkt cap ! $73.89M
Open High Low Value Volume
17.0¢ 17.5¢ 16.5¢ $213.2K 1.254M

Buyers (Bids)

No. Vol. Price($)
2 13656 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 158048 1
Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
MAP (ASX) Chart
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