1 Day - It appears that its next target is to break 3.52
Weekly - Wave 3 of Wave 3, the strongest Wave!
Monthly - Forming Wave 3
Showing posts with label $MM. Show all posts
Showing posts with label $MM. Show all posts
Friday, October 23, 2020
Monday, October 12, 2020
$MM Looks Like VCP to Me
I entered @ 3.01 for the stock looks like VCP to me. After few minutes, when I returned to my table, the stock made a new high @ 3.30. It is still too early. It is just 10:40 in the morning. This stock has been in consolidation for 44 days. So that's a good sign. There is no excessive emotion involved yet. And both the volume and the value too are good. Volume is 31.44 million higher than yesterday's trade. Value now is 183 million. Wait for late comers to ride this run. When you see them coming, that's the time to move out.
Charts are interesting. Both the weekly and the hourly charts show that this stock stopped its pullback respecting the 78.6% fibonacci retracement:
But as for its daily chart, it is not so promising for it still struggles to enter its uptrend channel:
Subscribe to:
Posts (Atom)