Replies to post #8499 on Coro Global Inc (CGLO)

[Cordelia]

Thanks for the informative post and the welcome to the board!

I do believe there is a great possibility for a trend reversal on the MDFI chart. This is because today's candle broke past .006, the high of the last peak on June 1st. We also closed above this price, holding it as a support. Not to mention, we held the breakout past the 50ema.

Notice too, the low before today's move was .0042 -- higher than the lows before both price peaks in May, which appears to have been .004 followed by .0035

So far, we've got higher lows, followed by higher highs. This is the very start of a trend reversal. For confirmation though, I would like to see the price break past .007, the high on May 12th. Also, for the price to hold the support at .005

http://stockcharts.com/h-sc/ui?s=MDFI&p=D&yr=0&mn=3&dy=0&id=p04739376158

Now, I need to do some DD on the company here, but a solid PR from the company would really fuel this chart nicely.

GL and thanks again!