A sharp pullback on volume on what was an otherwise strong day is not helpful technically. The stock looks like it is being pushed around a bit after a nice uplift. That could be over temporarily despite those trying to keep the rise going. Technicals seems to be pointing to a retracement to at least 50 cents, possibly lower. It may not happen as this stock could be under the "control" of overseas investors who are probably close to the company, and they no doubt will want to see it higher over time. Anyone who sold at high 50's should be back in if it gets to 50 or less. Not the end of the game IMO!
MIG Price at posting:
56.0¢ Sentiment: Hold Disclosure: Held
