RE: Watchlist - Investor method
(2013-05-21, 11:35 PM)goodtyneguy Wrote: Huge potential in MIG a penny/cent stock listed on the athens exchange. Looks to have just broken out into stage 2A and may want to fill the gap tomorrow. If it does and stabilises around the BO level I'll be looking to get in with a stop just below the 200dma. R2R to the near term resistance will be in the region of 1:3 or 1:4
Apologies for the crappy charts I could n't find it in PRT.
I think it's a tricky one to rate as it had a 5-6 month early Stage 2 run from October to March and then had a massive 50% collapse back to test the 2012 lows in early April, and has had a 100%+ bounce since then in one month, and is now trading around a flat 30 week MA. So it's extremely volatile.
The signs are fairly positive though that it's in the late Stage 1 process, as you can see the relative performance 52 week MA (zero line) flattening out and turning up, and the volume is beginning to pick up, with cumulative volume close to it's February high. So I'd rate it as in Stage 1B personally. I've attached my weekly and daily charts for you.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.