MJD : Last ditch support likely to be tested this week
May 1, 2011 Leave a comment
MJD remains a very dull stock, with last week’s close a bit close to last ditch support at 2.14-2.16 for comfort. If selling continues, then a dip to2 or even 1.92-1.94 can’t be ruled out, and for now we see little reason to buy the stock.
A turnaround would need a strong bounce and daily close at the very least above 2.38