THAT 5 MIL SHARE "T" TRADE WAS A BUY!! Click on quotes/charts/news above and then click on trades. That was not the company diluting or warrants being exercised today.
What you did have was a manipulated shake most of the day by DOMS setting up a wall and scaring for shares all the way back to the 5dma(.033) and 10dma(.034) crossover. It was expected because we took off from there yesterday and a lot of folks were left in the dust.
MMs will force a stock down to find support and also to retest support. They did it a fews days ago at .028 and .026 which at both times was the 10dma. 12/4 and 12/8. Today the 10dma is .034!!! So this is what you would call riding the 10dma UP!!
As long as it hold, slight dips below can happen, and bounces up the pps is fine longer term. If you go back a day or two you will see a poster here, PMLG, I think and a few other chartists telling everyone that that is were support was. That is why you saw strong buying there today.
Now the 5/10dma crossover is slightly damaged but could be corrected with a few ticks upward in the am. The same thing happened on 12/9. So if the 10dma holds and the pps continues it's bounce from today MCLN should be more than fine.
Good trading to you.
BTW, I didn't notice anyone posting any new filings. If that is the case, that is also good. Maybe you finally get the filing some have been waiting for tomorrow. Good day for it.
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