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macdrsirules - posted
I have not entered just yet but looks primed. Oversold.

http://stockcharts.com/h-sc/ui?s=MNDO&p=D&yr=0&mn=3&dy=0&id=p60012936103

Confirmation is needed before entry. ADX not showing alot of strength in the current downtrend. Reversal is likely to occur IMO.

Here is something to look at if you use TRIX. TRIX is supposed to be a leading indicator but appears to lag behind MACD histogram. Compare this chart with the one above.

http://stockcharts.com/h-sc/ui?s=MNDO&p=D&yr=0&mn=3&dy=0&id=p82804002613

Same chart with TRIX replacing MACD histogram. It appears to me that old faithful is better than TRIX. Just my two cents.
 
macdrsirules - posted
Looking good, not a huge percentage gain on this trade from looking at the resistance points above but a gain is a gain is a gain.
 



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