Post by
SignorAnderson on Jun 24, 2019 7:50am
$MAXR Updated Weekly Chart...(posted Friday on StockTwits)
$MAXR Updated weekly chart. This is a strong setup to penetrate the EMA 20 on the weekly as we are sitting right at the EMA 20. While the EMA 20 did get busted through previously when MAXR hit the $9s, it did not close over (or near) the EMA 20. Today is the closest close to the EMA 20 since MAXR fell off a cliff a year ago. You can see the previous attempts as softening up the EMA 20. These moves are longer term in nature and more powerful. Don't be swayed by daily volatility as each candle takes into account an entire week. Certainly an MDA deal could be a catalyst, but it is not necessary IMO. Something like an MDA deal could blow out a US $12 target in a minute if seen positively by the market. Breaking through the EMA 20 would be anticipation by the market that they are expecting better things from MAXR moving into Q2 results and that they see things improving/recovering THUS justifying an improved valuation (albeit remaining well below historically achieved valuation levels).
Comment by
SignorAnderson on Jun 24, 2019 7:55am
The only image you can insert is a URL? Am I getting that correct?