Asleep at the Wheel

[rich pearl]

MCGI chart... i'm carrying 150k, cost averaged .0023. it was a last minute decision to use the money from TREN here instead doing as i planned with my asleep at the wheel port, which is to not add new postions until i've closed a few of these. since only OCLG seems to have a near term move coming up -- late march to mid-April -- i'm fortunate to have a play here. lets see what the chart sez:

very positive. there was a parabolic buy signal yesterday to light the candle. broke out of the bollies today, and the 5/10/20 ma's are now aligned -- 20ma to cross 50ma early next week. the trend, momentum, and accumulation are all strong. every indicator has gone northward. so what's in store?

took out the 100ma at .0034. next ma resistance is the 200ma at .0085. recent candle tops are around .005. wick to .007. rsi14 in power zone. on Monday morning i look for this to either break .0045 and pull back after a spike to test the 5ma, or, if it fails to break out, retest support first.

potential flipping trade is >.005 sale to buy back around .003.