Post by
injailforgood on Mar 04, 2015 8:47pm
Getting Close...
The stock has formed a significant, nearly one-year bottom formation with multiple capitulation spike downs over that period, and has been under heavy accumulation for several months. We need to see a break out through $0.65 resistance with a strong volume spike to confirm a new up-trend. Those are fairly unchallenging criteria and I personally believe that this is imminent. For full disclosure, I have aggressively accumulated a large position in Mood Media starting late August 2014 until now. I have no reservations about my decision.