I noticed that MOY trends in 7 week cycles. this week starts a new 7 week cycle. I think MOY has bottomed here at 24 cents and now expect it to move to 45 cents within the next 7 weeks. I think it mimics the INVERSE pattern of the May to Jun 2013 inverse pattern where MOY traded between 24 and 45 cents during that 7 week spell.
If I am right MOY will then continue to trade higher to 65 cents within 21 weeks commencing this week and hit 80 cents within 35 weeks.
here we go, hopefully I am right.
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