re: megagem high stakes stochs Madmacs - I believe one of two...

re: megagem high stakes stochs Madmacs - I believe one of two things will happen
Either the share will test 55/56 again before having another go at 60/61 or it will jump clean through it tommorow.
I would dearly love to se a close above 61 - that would be a clear signal that the next move would be powerful as you have pointed out.
I have not yet learnt how to post charts on HC yet, but basically I have been watching the share recently confirm support along its mid-term bottom trendline (exponential since 22/9/03)
It has confirmed support on short ma/s in the last week or so, broken out of a triangle pattern and looks poised to make new highs
Fundamentals are strong with multiple announcements due over a short time frame in a strong sector
Insto support seems to be gathering strength
In short - the perfect trading stock (for the time being)
PS - I use a 21/8 Exp Stoch for OPL
cheers