This is the review of us from BIG Facebook for those who haven't read it. See below. Its a neutral review with the direct answer: "it's going to take a lot to sustain the gains and the uptrend."
So, he's bearish. Is OK. I can't recommend this stock to my friends. Its too risky. There is not a buy rating in Big's review below.
I realize that stocks go down. Just frustrated that the last rebounce seems to be wasted yet again. Due to the misplaced PR about Three Graces wine that no-one gives a crap about when we cant even buy the vodka locally yet.
I'm just hoping we can get above the 200 DMA. Its OK that you disagree with me. I appreciate everyone's point of view and enjoy talking about MRIB. Thanks for commenting on my post.
(Source: BIG Investment Page - July 14, Directly copy/paste)
MRIB rode the upper Bollinger band on it's move from the 1 cent range to the 5 cent range back in March. Since then MRIB has been on a slow decline back to the 200 day moving average at $0.017.
The 200 day moving average has been a great source of support for MRIB so far. Now that MRIB has crossed over the 200, 20 and 50 day moving averages, where is it going to go?
The answer is very simple but uncertain. We hope it continues to go up but it's going to take a lot to sustain the gains and the uptrend. The fact that MRIB closed above the upper Bollinger band today is a HUGE indicator of what can possibly happen.
The last time MRIB even traded above the upper Bollinger band was when it ran from 1 to 5 cents in March. It would be great if history would repeat itself.
The $0.02 range seems to have some nice support. The $0.0235-0.024 range seems to have some resistance so hopefully we can get above that resistance this week
So, he's bearish. Is OK. I can't recommend this stock to my friends. Its too risky. There is not a buy rating in Big's review below.
I realize that stocks go down. Just frustrated that the last rebounce seems to be wasted yet again. Due to the misplaced PR about Three Graces wine that no-one gives a crap about when we cant even buy the vodka locally yet.
I'm just hoping we can get above the 200 DMA. Its OK that you disagree with me. I appreciate everyone's point of view and enjoy talking about MRIB. Thanks for commenting on my post.
(Source: BIG Investment Page - July 14, Directly copy/paste)
MRIB rode the upper Bollinger band on it's move from the 1 cent range to the 5 cent range back in March. Since then MRIB has been on a slow decline back to the 200 day moving average at $0.017.
The 200 day moving average has been a great source of support for MRIB so far. Now that MRIB has crossed over the 200, 20 and 50 day moving averages, where is it going to go?
The answer is very simple but uncertain. We hope it continues to go up but it's going to take a lot to sustain the gains and the uptrend. The fact that MRIB closed above the upper Bollinger band today is a HUGE indicator of what can possibly happen.
The last time MRIB even traded above the upper Bollinger band was when it ran from 1 to 5 cents in March. It would be great if history would repeat itself.
The $0.02 range seems to have some nice support. The $0.0235-0.024 range seems to have some resistance so hopefully we can get above that resistance this week
