[Tom]

I noticed that the trend line from your weekly chart is sharper than the stockchart weekly chart. Your weekly trendline could reach $2 but stockchart is around $1.7. Does it make difference?

I'm not sure what you mean. My chart has the same logarithmic scale as yours does and also I didn't draw a trend line on it?

But either way, trend lines are always subjective, so I tend not to use them personally and instead use the 10 week MA and 50 day MA in their place, and watch how stocks react around those levels. So currently for MPET the 10 week MA is at 1.91 and the 50 day MA is at 1.83 and yesterday was the first time the 50 day MA had been touched since the initial Stage 2A breakout began in February.

I think you've got your stop in a reasonable spot below the April swing high of 1.72 and the 50 day MA of 1.83, as you'd want to see it find support around that area.

thanks for confirming my method. It helps in great deal as I am learning Stan's method.

BTW, You didn't draw the trendline but it is there when I connected the three point in your chart, the line ends around $2. Hence my question.

I often found myself uncertain the timing of selling when the stock remains bullish. Then I gradually learned to use trendline , previous support level to shave my positions a little. Thanks for bringing up the 10 week MA as another measure for selling as I just vaguely remember it from the technically speaking book now.