MNTA from the watch list broke a long trendline that went back
to Jan 08 in Dec and has pulled back to re-test broken
trendline. If MNTA is going to rally again, this is the place
for it to do so i.e. the back test of the broken longer term
trendline
Posted by robincage1 on 6th of Jan 2010 at 09:57 pm
Thanks for the chart. It is a lot easier to buy on the
backtest than to watch it go up and back down to the breakout
point. Lots of stocks on the watch list that profits are
taken and then removed from the list, continue on after
retest. UNH is a good example.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
MNTA from watch list
Posted by matt on 6th of Jan 2010 at 02:35 pm
MNTA from the watch list broke a long trendline that went back to Jan 08 in Dec and has pulled back to re-test broken trendline. If MNTA is going to rally again, this is the place for it to do so i.e. the back test of the broken longer term trendline
beautiful chart
Posted by cal1 on 6th of Jan 2010 at 08:38 pm
beautiful chart
Matt, thanks for the update, didn't
Posted by ocracoke53 on 6th of Jan 2010 at 02:39 pm
Matt,
thanks for the update, didn't get it when it first broke the trendline - but did pickup shares on the re-test. Will watch, thanks again
backtest
Posted by robincage1 on 6th of Jan 2010 at 09:57 pm
Thanks for the chart. It is a lot easier to buy on the backtest than to watch it go up and back down to the breakout point. Lots of stocks on the watch list that profits are taken and then removed from the list, continue on after retest. UNH is a good example.