Flexpower Inc. (FLXP)

[SPM555]

Here's what I was referring to. This is the entire history of MONA (and whatever other prior symbol it traded under) in the form of a daily chart.



Now this is just one piece of the puzzle, but it can be helpful in telling you which of these subbers to stay away from and which ones have a fighting chance. Look at the red area and the corresponding OBV and Accum/Dist lines, declining price and indicators. Now look at the same things in the green highlighted area, flattening price and even one decent rally and sharply rising volume and accumulation indicators. That accumulation is particularly nuts, with it breaking out majorly and the price still chilling out. That's very often the sign of a price breakout on the horizon.

To everyone saying the history of MONA will tell you not to play it, I would agree that in the past this wasn't a good play, and that's why none of the things I look for in plays like this were there back then. It's a different case now. Paying attention to just these 2 indicators could have kept you out of years worth of declining, but now we've reached the point where negative sentiment has gone too far the declining price has well overshot it's mark. It's a perfect storm for a breakout, whether fueled by the technicals alone or other factors.