Decent looking chart with an enormous base.
If supply is actually finished, there's only 1 way to go
Already above yesterdays volume, so may push out very soon....
Holding from 18 with targets 24, 30 and 37
$MAH $MAH.ASX that Volume
Macmahon Holdings Limited (MAH) is an Australian company providing mining services to clients throughout Australia, New Zealand, South East Asia and Africa. Mining services range from mine development to materials delivery, design, construction and on-site services for mining companies, across a variety of base and precious metals...
its pretty scraggly looking, but I'm certain that's an ascending inverted scallop. The bounce off the 200 week MA gives me confidence that this could be moving upwards and beginning a new trend. However before I get in on that trend I would lke to see a close or two on the weekly candle above the level of resistance I've got drawn in. That would then turn into a...
Buying at 20c, not overly expensive, good work in hand and strong pipeline of projects subject to tender. Mining is strengthening with growing optimism.
Company
P/E Ratio 15.46
P/B Ratio 1.23
P/S Ratio 0.68
Previous Close 0.23
52 Week High 0.28
52 Week Low 0.20
10yr 5yr 1yr 2yr Forecast
Sales -19.5% -21.7% 14.1%
Cash...
MAH has had some good upward momentum over the last 3 months. Looks like it might be getting ready again to move after having traded sideways now for a while.
WILD!WILD!GUESS! $MAH
potential play:
#1 Bounce Play @SMA20 level
NOTES:
RSI: bounce on trendline
MACD: stay above zero
VOL: good vol so far
VERY strong resistance ATM(needs to break it first)
