@soccer5. Ran some numbers on MND. I've got just under $16 as a reasonable valuation, though that's pretty conservative (and subjective to be fair). If commod's find their mojo again, a higher multiple could easily be justified.
Chart shaping up. Consolidation since March, and really like that 25/5 bar, but would like to see at least one more recoil and a further tightening of the range to take some more risk out....some more support middle of the range around 12.60 would be nice.
Looking overhead there is a fair bit to work through around 14.50-15 range, so while a breakout should get there fairly quick, its not huge upside...entry has to be right to avoid eating too much into your RR - hence the pref for more tightening and support layers. If it does BO, a good strategy might be to bag half at first res and move the stop up on the rest, as it could easily go higher with more time.
The Big Boys, page-869
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Last
10,443 |
Change
141.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 10,302 | 10,455 | 10,302 |
| XMD (ASX) Chart |
