Metatron Inc (MRNJ)

[sl62]

OK guys...not a bad day as said in my earlier post. I'd actually rather have this red candle today. Why? Because if they like to keep their patterns in three's, the table is set now for a nice 3 day up-run that could just amaze us all. No matter what comes next, nice and healthy trade today. Second gc confirmed now in the 10/50MA. How about 6 of last 7 trading days 10M+ shares WHILE on an UPTREND since the bottom. Just plain nice. The story keeps building. MACD just 0001 away from the 001 level. STO's a very strong showing right here now over 90. All these stats were just NOWHERE to be found a little over a month ago. And we're now getting to the juicy part of the steak at this SP level. The stock just keeps proving it belongs higher, as we here on this board would agree.

As said, a very exciting time right now. Here's what I see. At first I was a a bit puzzled by this choice of resistance. Hmmm, I said. 021. And we all saw them set it up Friday. Once NITE cleared out of the 01s, big auto trigger buy V came in the very second 02 was offered up. Stock could have/should have easily run another penny before they ostensibly would have stepped in to beat it back. But they chose to kill it here instead. Why? I think the answer is in two places. 1. the 100MA. They knew they had to keep the SP as far away from there as possible. And this is about the last place to do that. Because I will tell you again, once that MA is broken, buckle up ALL the buckles. Fireworks should be ensuing next after that. My guess is 03 and 04 are the last two significant short forts that are set up with auto triggers, with 04 being the larger of those. Once the 100 is broken, whatever smart money isn't already in should pile in with a vengeance. Not saying we don't see it before then, but, once the SP has the 100 back, there will little to do but get out of the way of the bullet train imho. And 2. If you look at the 1yr, there is a 12/23/09 major support low clocking in at 023.

>>Date Volume High Low Open Close
12/23/09 1.90 M 0.036 0.023 0.034 0.0319<<

Makes sense now doesn't it. But the good news is, once we pass this area, we take that major support out. Another piece to the puzzle and a big win. So another attempt to try to slow this train down. Not much success today once again I would offer. Sooner than later, this dam is going to give way. Too many people want in to this story now. Charts look too good, company is firing on all cylinders, they're connected to AAPL's success and the huge market of mobile devices in general, and they provide APP's. ALL MOBILE CONTENT is delivered via APP's and consumers crave mobile content. Just too huge a market for what this company does and this is the bottom floor for the stock. What? The company went from 10 apps released in Oct 09 to ~700 at the end of Q1. What's not to like? So yeah, soon the other side is just going to have to give in. Many corrections work this exact way. First a nice jump, then a bit of a stall even as buying pressure persists just to make sure everything's for real, then comes part 2.

So them choosing this particular 021 resistance is motivated. gl

Charts. Very nice looking 10day intraday. Another pretty consolidation setting up.




5/10/50 gc. NICE.




resistance to protect the precious 100, which is the only thing that separates the SP from here and "the next big thing". 20/50 gc could be formed on Wednesday. 50 about bottomed as generally it's 50% higher than the 20. 20 was 0095. 50% higher is 01425. 10M+ V ;ast 6/7 days.




1yr shows last general support of 023 on 12/23/09, so the 021 resistance right here makes perfect sense. Good news is, once this is broken-through higher, so will that previous longer-term KEY support level. Big stuff.