There is a saying that Tech Analysis doesn't work for speculative stocks... but for those who think they are somewhat relevant, almost all the important indicators are looking rosy for this bad boy
- MACD nice steady upswing - Stochastics having bottomed are climbing back up above 50 - OBV significant uptrend since bottoming out a few days ago - RSI crossing 50 point line - Parabolic SAR, which I find to be a very good indicator on these swing trades, looks to have hit the price bar and dropped under, indicating to BUY (parameter set to start of Aug, beggining of trend)
I'll admit I know nothing about this stock's fundamentals, but I've already bagged 15%+ return based on trading by Tech Analysis, lets hope she chucks a spaz when we cross MACD
MTH Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
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