The beauty of being in a stock for a while (and watching it) is you can often get a feel for it. Unfortunately I'm new to MGO, but closing under 22 has me nervous. I do follow candlesticks and whilst they are often wrong, MGO has displayed a Hammer Candle today. Its more distinct than the one on the 28th, so if todays not the bottom, then at least there apears to be strong resistance to the downward pressure.
Some brave sole (suspect an insto) is stepping up to the plate soaking up the fearful.
I'll wait and see what happens tomorrow.
O
MGO Price at posting:
21.5¢ Sentiment: None Disclosure: Held
