InvestorsHub Logo
Followers 19
Posts 3907
Boards Moderated 1
Alias Born 05/26/2004

Re: None

Wednesday, 10/17/2007 3:49:54 PM

Wednesday, October 17, 2007 3:49:54 PM

Post# of 97239
Re: MACM.....the 200dma is providing support and is on the rare incline. The bottom was established at .40 and though it's 35% away below the current pps, there was above average selling two days ago without much price decline which is a bullish sign. It's not far to doubling the shareprice from .62 chartwise and as long as the 200dma holds, and the general positive price movement could take it there in a fairly short amount of time, especially since the company has started up the pr machine and the 50dma is mirroring the 200dma when it could have broken through and down in the first days of Oct when the two moving averages converged. If it holds here, it's all good, imo. GLTUA!

cmkxman

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.