Australian (ASX) Stock Market Forum

MHL - Monitor Energy

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I drop my AED shares and get in MHL several days ago. Now AED is still rocketing but MHL is still struggling. :banghead: I should get in later like yesterday or today.
 
kennas said:
I see a potential C&P here. I haven't had much luck with these formations lately though. Low probability set ups IMO.
Click to expand...

I think there's a possibility too, but I can hardly get any data here (I'm at work... can't even get a chart done here... quite a few websites get blocked :mad:)

However, looking at your chart and the buy depths, there's quite a bit of support at around the 3.1c area, so if I'm trading and very speculative, I would probably buy now, and set up a stop loss at 3c. Alternatively, I could buy when it breaks 4c, i.e. signal confirmed.

Although, if you buy/hold MHL on the fundamentals, you would be pretty silly not to be holding it right now, judging from the research done in this thread.

Either way, I have only very limited information while I'm at work, so DYOR, and take whatever I'm saying with a lot of salt. :)
 
kennas said:
LOL, I meant C&H. The P wasn't that far away....:eek:

A C&H is a Cup and Handle, identified by a rounded bottom 'cup like' shape and then a handle on the end, normally angled down at some degree, the less angle the better. The target from a breakout through the lip of the cup is the distance from the bottom of the cup to the lip. In this case 6 cents. Just a probability.

Here's some more info.
Click to expand...
I'm also seeing a pole and a pennant, target 5.5, but looks more dodgy than the C&H. Whatever the case, breaking 4 cents looks important. I like the volume drop during this consolidation/accumulation.... :2twocents
 

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Alternatively, I could buy when it breaks 4c, i.e. signal confirmed.

Yes 4 cents will let the flood gates open IMO i hold a very very very large parcel now with a av buy of 3.5 and I am happy with that for a fair share of a good specie with enormous potential....and I will be increasing my holding by a third when she breaks 4 hopefully that will be soon ..........she only needs a nudge this one :cool:

And I do agree Keenas it is always good to have a cup with a handle burns your pinkies otherwise :D LOL
 
mobcat said:
Yes 4 cents will let the flood gates open IMO i hold a very very very large parcel now with a av buy of 3.5 and I am happy with that for a fair share of a good specie with enormous potential....and I will be increasing my holding by a third when she breaks 4 hopefully that will be soon ..........she only needs a nudge this one :cool:

And I do agree Keenas it is always good to have a cup with a handle burns your pinkies otherwise :D LOL
Click to expand...

Why don't we get ASF members to buy it all the way up to 4c, and let the rest of the public take it through the gates for us?
:D
(Well, I do have my cunning days, lol)
 
Not a bad idea AWESOMEANDY,

I mean, we all know its going to crack 4cents eventually, and run hard to 5-6cents from then on.

But further consolidation would be bullish too. So too would i not mind the opportunity to increase my position at the mid-low 3 levels. In fact, i would love this opportunity.

Would you like to start us off;)
 
Anybody else get annoyed at partial filled orders? Don't know why they just sh** me off. But they all got filled in the end so no biggie anyway.
 
Well I was thinking a very small volume today in trading but then I just saw that rather large 3 million change hands. Wonder if somebody knows something?
 
gordon2007 said:
Well I was thinking a very small volume today in trading but then I just saw that rather large 3 million change hands. Wonder if somebody knows something?
Click to expand...

An hour later and that 3 million is now 20 million, very strange... Perhaps a heap of triggers fired?
 
hrmm it is very strange, massive sell off. Maybe someone knows something we don't.

Looks like it will hold on to 30,
 
Closed at 3.3c

Will be looking to top up tomorrow if it drops to 3c or lower again.

Any chartists out there want to make a call on MHL ?
 
That DUMP was a bowl breaker boys 13.5 mil LOL :D but she only rippled MHL hardly left a skid after the flush hey LOL ROTFL:eek:....... Any way after i got up off the floor 2.2 million shares had shot out of the S bend and into my grateful arms at a price i didnt think would be happening any time soon some ones loss was certainly our gain ...... a million and one reasons for a trader to dump a big load like that ATM i will put it down to dodgie Mexican till something better comes along ..........Hold tight all this ones a nice place to be just a sniff of hydro carbons and we are looking at a good profit on this one let a lone U308 and JV,s or peer performance or POO Im back in the Q at 3.2 with 1.2 mil that should do me for now till she hits 4 cents :D
 
Hey guys, I have been reading this forum for a little while now and finally decided to become a member. I am new to the stock buying game. I consider myself a investor - I only had stock in one company IDL which i bought at .195 and sold at .525 and put it all on this MHL after i had read about it also reading some of the research UT has done ;).

I guess i am not very good at this type of thing because i bought in on Monday at .036 :( and it went down to like .032 on Tuesday and i had a heart attack.

But, i am in for the long hull so i should not worry to much just wish i had waited a day and saved myself some $$$.

Good job you guys do and sounds like fun being able to talk to other about the ups and downs.

Cheers,
Stinger
 
whether MHL will up or down is only with a dynamic possibility.
But one thing is for sure, it is a very risky player.
Make sure your risk profile match the risk you are taking.
 
Guys, something very strange is going on with MHL,

Yesterday there was 3m cross traded at 3.5c, then a little while later about 15m were just dumped on mkt,

Then today a 1.8m order went to sell at 3.2c which was followed by a 2.1m sell at 3.3c

Buyers came on and took out the 3.1c sellers, then both the 1.8m at 3.2c and 2.1m at 3.3c pulled,

Now again they are back together,

I don't know but somethings suss

I could just be going crazy, but I see something as suss
 
ok see, less than 5mins later,

A big buy came on at 3c,

Both sellers at 3.2c and 3.3c pulled within seconds of each other

Somethings up

Or am I crazy?

YOUNG_TRADER said:
Guys, something very strange is going on with MHL,

Yesterday there was 3m cross traded at 3.5c, then a little while later about 15m were just dumped on mkt,

Then today a 1.8m order went to sell at 3.2c which was followed by a 2.1m sell at 3.3c

Buyers came on and took out the 3.1c sellers, then both the 1.8m at 3.2c and 2.1m at 3.3c pulled,

Now again they are back together,

I don't know but somethings suss

I could just be going crazy, but I see something as suss
Click to expand...
 
Suss in what way?? Are you saying they are trying to shake the tree so as to accumulate stock?

I wouldn't be surprised it we see this under 3c sometime soon. exspecially if there is a lag in any announcment that is expected
 
YT,

I see what you see. Both sells came on together, behind volume, and then pulled together. By memory, they also came on together at one stage last week and even once before that. On each seperate occasion the same 2.1mn order came on. It seems like they are doing they very very best to accumulate. Now as i type, a 1mn buy comes on at 3.1.

Same people? Very likely
 
Yes is all a bit odd. Wonder what it means. YT...when you say "suss", does that then mean you're concerned about this? I'm in for ride so either way I'll see where it goes. I need some pain to remind of the screwup I did by pulling out of RAU too soon.
 

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