AI
Wednesday, September 07, 2011 2:05:26 PM
Yes, imnot6 is correct. MNTA moving in lock-step with the overall market (as represented by the S&P 500 ($SPX).
As I mentioned in my last TA update: MNTA needs to 1) break free of the overall market and 2) clear the $17.50 resistance level (with a sustained move). Otherwise flat sideways trading. The good news is that I believe that it is setting up for a larger directional move...upwards of course, and probably due to a forthcoming positive catalyst.
As I mentioned in my last TA update: MNTA needs to 1) break free of the overall market and 2) clear the $17.50 resistance level (with a sustained move). Otherwise flat sideways trading. The good news is that I believe that it is setting up for a larger directional move...upwards of course, and probably due to a forthcoming positive catalyst.
(As usual, all forward looking statements are my opinion only.)
Have a great day everyone!
