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Re: KGB1974 post# 124939

Friday, 01/08/2010 2:54:02 PM

Friday, January 08, 2010 2:54:02 PM

Post# of 137483
Sure, no problem.

And to expand on that, I mentioned the support/resistance stuff. You can do your own on the chart (I do) but you can also go to stockta.com and see what they show.

http://www.stockta.com/cgi-bin/analysis.pl?symb=MTXX&num1=1&cobrand=&mode=stock

I usually view it and see how their figures compare with mine in terms of levels I'm watching. You'll see on their table, there's very good support at 4.23 and the resistance above there are no set levels that are especially strong (at this point.)

You'll also notice that in the chart, you can visualize a lower trendline under the candles that would indicate rising support.. meaning each time it sells off it falls less.

Those are all positive things. The question is, when push comes to shove, what will the stock do? If it takes off you're fine, if it breaks under that very strong support level, you may want to stop out.

Hope this helps.

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