AI
Sunday, December 26, 2010 4:45:17 AM
A bullish "Cup with Handle" pattern formed on the intraday charts.
The cup portion completed on Friday 12/17 and the handle was formed 12/20 through 12/23.
The $15.60 area will be an important level to overcome and a close above Friday's high of $15.66 will confirm the Extreme Point Rule (on the daily charts) and signal a buy.
IMO, MNTA will continue upward toward $16 and trend up through year end.
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