Sunday, August 22, 2010 11:20:13 PM
This site has them on watch too.
Here’s a weekly chart for MUTM, and the key aspect that has me liking this setup is how the price gapped up this week and is now trading on top of that six month long channel. You never know if in these cases the stock is just going to take off from here or if it’s going to build a little base on top of the previous channel. A little dipping back into the old channel isn’t uncommon, but ideally the bulk of it’s trading now is done above it.
http://flippingpennystocks.com/?page_id=526
Here’s a weekly chart for MUTM, and the key aspect that has me liking this setup is how the price gapped up this week and is now trading on top of that six month long channel. You never know if in these cases the stock is just going to take off from here or if it’s going to build a little base on top of the previous channel. A little dipping back into the old channel isn’t uncommon, but ideally the bulk of it’s trading now is done above it.
http://flippingpennystocks.com/?page_id=526
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