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Penny Trading - Technical
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MOMO'S BREAKOUT BOARD
$CMGO 91% from last week's lows breakout imminent
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coolnapz
Tuesday, April 10, 2012 10:45:39 PM
Re:
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$CMGO 91% from last week's lows breakout imminent
1. Last week's volume highest in it's trading history
2. Moved off of double bottom and 2009 lows
3. Currently forming bull flag consolidation
4. Captured 20 DMA
5. Positive MACD cross on daily
6. Strong bid support
7. Has revenue and cashflow
8. Upside: short term 100%, medium term 200%, long term 10,000%
9. Downside: Exit at double bottom < 50% loss.
10. Financials due shortly, spinning off technology division, marketing division has numerous fortune 500 clients
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