Posted On: 12/14/2015 12:57:22 AM
Post# of 2561
MINE Daily Chart ~ Nice Reversal After the Reverse Split
After the completion of the RS, the anticipated selloff from disgruntled shareholders who have done little DD, if any, the stock sold off from .05 to .0161, and has now rebounded for a quick 3 bagger from the lows. A turnaround by management, no more convertible debt to be converted, revenues and additional projects are coming soon. MINE is a mid- term play for me, meaning 3-6 months.
As far as the technicals, the FullSto has entered short term overbought levels, while the MACDs have a long way to go to the upside. A break and close over .055 should lead to an eventual test of the .15 level and then the recent high of .25. Our entries beginning at .018 are looking good so far.
After the completion of the RS, the anticipated selloff from disgruntled shareholders who have done little DD, if any, the stock sold off from .05 to .0161, and has now rebounded for a quick 3 bagger from the lows. A turnaround by management, no more convertible debt to be converted, revenues and additional projects are coming soon. MINE is a mid- term play for me, meaning 3-6 months.
As far as the technicals, the FullSto has entered short term overbought levels, while the MACDs have a long way to go to the upside. A break and close over .055 should lead to an eventual test of the .15 level and then the recent high of .25. Our entries beginning at .018 are looking good so far.
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