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josh92
02-08-2005, 03:43 PM
Macquarie hit resistance yesterday at 3.35 which is the resistance from the 3 month downtrend, and also the 50% Fibonacci retracement level...

www.cfdreport.com has added map to their trade list for a long on a succesfull break of this level.
check out there site for some trade details... worth while

josh92
03-08-2005, 02:14 PM
tested fibonacci support today at 3.27
lets see if it can hold here...

could also be a buy down at these levels

josh92
04-08-2005, 02:20 PM
like last week MAP bounced off the low at 3.20
support if fails is again at 3.16 hopefully wont get there though, good buyers in there atm.

TRENCH
04-08-2005, 03:11 PM
bad trade if you ask me. the stock was a short at the down trendline when it bopunced back up