AI
Thursday, September 15, 2011 3:03:47 AM
MNTA: TA 9/14/2011, Nearing $17.50 resistance level
MNTA is nearing the $17.50 resistance level again. It is still moving upwards in a channel and hasn't broken below the lower trendline of the channel. Based on the technicals, I believe that there is a high likelihood of a positive event occurring in the next few weeks to cause MNTA to stay above the $17.50 level for good (and as long as the broader market continues its constructive action).
The short-term charts are still repairing themselves while the long-term charts are in excellent shape. IMO, MNTA's technicals are in their best shape in 5 years.
MNTA is nearing the $17.50 resistance level again. It is still moving upwards in a channel and hasn't broken below the lower trendline of the channel. Based on the technicals, I believe that there is a high likelihood of a positive event occurring in the next few weeks to cause MNTA to stay above the $17.50 level for good (and as long as the broader market continues its constructive action).
The short-term charts are still repairing themselves while the long-term charts are in excellent shape. IMO, MNTA's technicals are in their best shape in 5 years.
(As usual, all forward looking statements are my opinion only.)
Have a great day everyone!
