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zAngus
Jun 6, 2022 4:26 AM

Australias Mader Group looking interesting 

MADER GROUP LIMITEDASX

Description

MAD is back above that minor resistance level with the RSI and MACD showing a bit of strength.

Will be interesting to see if it gets rejected here or continues to move up over the next day or so.

Could be worth some more research.

Comment

MAD still bouncing around in that 20% channel with the rest of the market churn.

Comment

Pretty good run out of Mader. 150% run or so.

Comment

Cracked the 200% mark before the pull back.

Comments
ATradeSniper
good work
Bekiumuzi_Dube
im extremely bullish on mader too
30-70% returns
zAngus
@Bekiumuzi_Dube, hope so :)
Bekiumuzi_Dube
@Bekiumuzi_Dube, update from this end i see a bearish divergence on the daily not expecting it to be too impactful
Katandra
Yes Angus, I agree with your assessment. My chart layout is also showing MAD as a stock of great interest. The Chop Zone, the Williams Vix Fix, the EMA21, RSI7 etc. are all pointing to good times ahead.
Katandra
Mader has come up recently on my scans. I would like to see the market showing some upside strength to support the Mader upside. When you look at the market. Either ALL ASX or XAO or XJO the Advances and Declines whilst amazingly showing bull power while the charts are showing downside, the raw numbers are diminishing and that makes the upside to the market in the near term somewhat problematical.
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