Posted by morton13 on 15th of Oct 2012 at 08:58 am
Nice chart Tom and always good to get another perspective if not
sure. I believe if it closes over your resistance line you
have drawn it will run to 61.58 and then pullback to form right
shoulder in an inverse head & shoulder pattern. I still
think that eventually it will be a takeover candidate for a larger
co as a way to add growth....but I dont not know anything
specific....just an educated guess.
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Nice chart Tom and always
MNST Steve or Matt your thoughts?
Posted by morton13 on 15th of Oct 2012 at 08:58 am
Nice chart Tom and always good to get another perspective if not sure. I believe if it closes over your resistance line you have drawn it will run to 61.58 and then pullback to form right shoulder in an inverse head & shoulder pattern. I still think that eventually it will be a takeover candidate for a larger co as a way to add growth....but I dont not know anything specific....just an educated guess.