Metatron Inc (MRNJ)

[sl62]

charts...

Hey guys. Great week. I certainly would like to say thanks to a few groups in that regard. 1. Market Makers (even NITE) for in the end being fair when it was time to be fair. The games, they must play, it's just what they do, and largely it's the way they weed out the men from the boys, weak hands from strong. They don't mind retailers making good money in the game, but they want us to WORK FOR IT. I have little problem with that concept. 2. Shorts, for understanding the time is now for their profit-taking. 3. New investors and posters. Some good opportunity for all. Great company and stock story in the making here to say the least imho.

OK. So to the charts. Huge development today and that's why we like to study the charts whether the day was good or bad. Helps understand where we are.

Chart 1 shows a huge close today ABOVE the highest uptrend mo channel band. Whoa. Could mean a huge situation on Monday and maybe a run to touch the 100 @ 034. I drew in ALL resistance possibilities. Not to say they will use one or the other. Doubtful they will use them all now that exposure in the stock is going up exponentially. But huge that we closed OVER the high mo channel because it's essentially blue skies channel-wise from here up. You never know how much they will key on that, but in my experience, when a top mo channel is broken, anything is possible. They used the 021 resistance today, but I don't see it as any major thing going-forward. They will have much bigger fish to fry on this puppy (as in making profits selling all the shares that they accumulated lower, much higher than here).




Chart 2, 3mo shows another look at the channel break and uptrend progress. MFI, MACD, STO = super HEALTHY and screaming buy. As I have said and I CANNOT STRESS THIS ENOUGH: corrections are ONLY allowed for stocks of companies who have passed the test. Who are not about shenanigans, not about smoke and mirrors, not about silly PR's that are designed to fool the Street. You will NEVER fool the Street. I wish some of these CEO's would get a clue out there. But here, this company have performed up to spec, transparency, BIG TIME responsibility and attention to share structure, and are going somewhere. They're going to be a huge success. THAT'S why your stock is going back up guys. No other reason. And so...that's why investors want back in to the story here and why some now want in for the first time. Because it's a healthy opportunity with no crap. Simple. Golden.




Chart 3, the 6mo view showing the 5/50MA gcross. Monday should see the 10/50 cross and Tuesday is probably the 20/50. Wow. Also I drew in ALL the possible resistance levels heading back up. Again, hard to predict what they will use or won't. Some will have to be ignored due to buying pressure imho. Many of the points higher than 04 have history pre the January move up. So you can see how many were iggied there. Just depends. I think as said, if we can take the 100, that will be a huge catalyst for even deeper pockets ready to pounce and take it to the next level. Which to me, is the 200 neighborhood (currently .134/falling). Hard to say, but not out of the realm if they think they can get it and with this low float, my guess it they will think so. In this game, many deeper pockets KEY off the 100 for mo plays. If they have the 100 AND 200 (and 20/50) underneath them, it's blue skies to the max. In this case, where the 200 is still a good ways up there, and still with 100, 20/50 underneath, it's blue skies with a ceiling. But that's a good amount of running room! One day at a time.




So great progress this week and thanks to all for great posts and efforts. Great group here on the board. My pleasure to hang out with you... gl