My Freightworld Technologies Inc (MYFT)

[techtrade]

Yup, I'm still in.

The price action is kinda nutty though, either heavily manipulated or lots of stupid shareholders. Hard to believe people were selling at .032 today after the heavy volume in the high .03s. Same thing happened yesterday and then the buyers all flooded in just before the market close. You'd think people would learn but that's what makes a market I guess.

Looks like it wants to trend higher, but I do see the resistance at the high it hit on March 14th. If you look at a 14 month chart and draw a trendline across the highs you'll see what I mean. It may take some time to break that (I'm assuming if/when financials are filed, if the recent press releases are to be believed MYFT is undervalued IMO). I wouldn't bet the farm on this one but if everything goes right we have a multibagger on our hands IMO. I'd say either buy the dip and be willing to wait, or just wait for the breakout.

The weekly stochastics don't look so good, but the daily does so I think the weekly can improve. After last weeks red candle on the weekly, we got a nice doji closing just at the 9 week MA so I think the set up is there for a potential breakout soon.

JMHO, like I said I think it's worth putting some money in, but definitely not going overboard. If it breaks I'll buy more on the breakout though.