Ultrack Systems Inc (MJLB)

[VST7]

MJLB Uptrend 2-charts below;

MJLB Has broke-out from the "Bullish Falling Wedge" that has formed over the last 4 months..For those who are not familiar with the "Falling Wedge" here are a few Quotes from stockcharts.com (and link below);

The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower.
Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns.

1. Prior Trend: To qualify as a reversal pattern, there must be a prior trend to reverse. Ideally, the falling wedge will form after an extended downtrend and mark the final low. The pattern usually forms over a 3-6 month period and the preceding downtrend should be at least 3 months old.

https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:falling_wedge_reversal

MJLB Has broke-out from the Double Bottom @.051/052 and a Uptrend is currently underway.

The ADX +DI Has crossed the -DI which indicates that a Uptrend is currently underway, along with many other indicators that are now Bullish, notice how the Accumulation line just keeps moving upwards? This tells me that MJLB never had a "Sell-off of it's Core Long-term Shareholders" but rather a "Short Sell-off" of which we will (possibly already beginning) to see covering, if not, a possible short squeeze in the coming weeks?

IMO, Buy and Hold is the Strategy, same Strategy I have been in since Dec. 10th...

Double click on charts to enlarge;

Bullish Falling Wedge