MGT share price, page-12852

looking to go long and strong for the long term. already have a position but I've learnt from bitter experience not to buy into downtrends because you don't know how long and how low the share price could fall. I'd rather deploy my $ into a stock that is up trending rather than buying into stock that may or may not have bottomed or stuck at a very strong resistance and likely to take a considerable period of time to break through.
personally I think MGT has probably bottomed but $1 is likely to be a difficult resistance to break through due to it being 50% of the range and the psychological barrier of being a round number.

stock market investing is such a hard game so I try to stack the odds in my favour by staying away from downtrends and going with uptrends.