posted
Would anyone be able to assist me on getting a chart of this stock on this thread please? I've noticed something on MHLXZ 3 year chart which may hint to us that this stock may possibly be able to hit 15 cents. Any help would be greatly appreciated.
Posts: 162 | From: Baltimore, MD | Registered: Apr 2005
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quote:Originally posted by stocktrader22: What the hell are you talking about 550%...how about 33%
This thread was created yesterday. It closed I believe 400% on the green side of the fence. That is the reason why it has the title it has. Stocktrader22 would you be able to help me post a chart?
Posts: 162 | From: Baltimore, MD | Registered: Apr 2005
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I was able to figure it out. I've used the MACD and the Money Flow Indicator to assist me in getting my point across. If you would direct your attention to the last 3 spikes (December 05, Feb 06, April 06) you will notice that the volume which has taken it from .01's to .04's has always been less then 500k shares.
The CMF indicator has turned green 3 times this year, in which the stock has touched the .04 pps Today the stock has closed at .04 on the ask which led one to believe that tomorrow would be followed by a red day correct?
Being the shares bought and sold on any given stock is conserved (assuming there is no dilution) I'd like to assume that if tomorrow is followed by no selling on the bid side. MHLXZ will remain at the levels it is now.
The interesting part of this 3 year chart is the volume which brought it down from around .20 cents in late 2003 to under .006 in April of 2005 You would notice there has not been a volume spike in either direction over 50k shares. This would lead one to believe that .05 is indeed this stocks resistance. Assuming 50-100k shares of MM inventory could be purchased between .05 to .2 I would assume this stock will never see .01 again.
Over the past 2 days the volume has been green and increasing, but the question at hand is will it continue?
Posts: 162 | From: Baltimore, MD | Registered: Apr 2005
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posted
Today she has more volume then she has on any other given trading day. PPS hasn't been effected that much tday, but nice to see it isn't moving back down to .01
Posts: 162 | From: Baltimore, MD | Registered: Apr 2005
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posted
I believed that this stock would breakout today. Dispite the chart says it would not do anything on it's thrid day of trading. I guess I should of listend to the chart. 25 mintues left in the trading day. Maybe something good can still come out of this?
Posts: 162 | From: Baltimore, MD | Registered: Apr 2005
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It has a white candal forming, RSI is over 70 which is good, and the money flow has increased. Posts: 162 | From: Baltimore, MD | Registered: Apr 2005
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posted
HEllo again. Peopel over at HSM are saying MHLXZ is stoccsters new play maybe fore later this week or monday. What do you think?
Posts: 162 | From: Baltimore, MD | Registered: Apr 2005
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