Metatron Inc (MRNJ)

[sl62]

Ok..guys. An exception for today since it's hard to keep this to myself. And maybe EOD charts are fine but no intraday. I'll see.

GREAT 4 day consolidation sequence came together nicely today and here's a close-up look at it in a 5day view. Can't hardly be more perfect, including a now 3 day test/hold of 012 support. Exactly what you like to see, again, in a bottoming phase that just keeps proving itself. Trust me, eyeballs are still ALL OVER this stock. I think smartest money (and remaining short contingent) is just waiting for this kind of critical mass proof. The "beyond a shadow of a doubt" variety. And the last 3 days goes a long way toward that end. Sometimes rather than just give it all back, shorts will use a staggered approach just to test and make sure it really is time to let their play go. I'd say it is.

Also a perfect consolidation at and slightly above half the move up, with 3 new successful support bottom tests. I can only believe, on the basis of all info, that's it's just a matter of time now for much bigger things.




In the wider views, all the other goods can be seen. The 6mo shows that in that entire time period, there is no sequence even close to this one as being more fundamentally solid. MA positioning included. As anyone can see, it's been a while since the 5MA showed this much strength, uptrending over a 25 trading day period. The 50 is fast becoming the friend of shareholders imho. Yes, it was used against us at their timing, with intentions to scare off smart money. But the uptrend overall to-date has won that battle. And it's always better to be winning than losing. As the 50 flattens now, if another sudden jump doesn't occur (which is entirely possible it could given the last 4 day set-up), the SP could also just repeat with how the 20 was gained back. After the 50 is back in the hands of the shareholders, a WHOLE LOTTA good possibilities will be on the table.

Also notice the money flow levels remaining in the green. Yesterday they put a tricky vaneer close on a day that actually was pretty strong. They can fool you with the candle and a bogus close, but they can't fool you with the money inflow. That's why we like charts. Without them, easy to be fooled.





On the 3mo, the overall reversal trend intact is highlighted and also the close at the 5MA today.




The 1mo shows the converging MA's. As said, with the 50 so close now in the SP's backyard, once over, that will drag the 5,10,20MAs through it creating a very strong golden cross condition. Looking good right here. gl