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I got a strange feeling about MGEN today!!
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[QUOTE]Originally posted by ItsJustMe: [QB] I sold out of this stock this morning because in looking at the charts RC posted, I noticed something interesting. If you reset the chart to show just the last 90 days, you see a definite pattern emerge since January 23rd. Starting at that point, you can see that this stock languishes for about 3 weeks and then takes a sudden surge upward of about 1 to 1.5 cents. The following day, it retracts but not to its previous low. Drawing a line up that pattern, it looked to me like this stock would retract today to somewhere between .031 to .035. Unless there is a surge in buying over the last hour, the pattern appears to be holding. RC is correct that this stock seems to be on a defnite upward trend and there is some accumulating going on, but I just don't see the reasoning for thinking it would have a USXP type surge up to 14 cents. However, I will admit that I'm a newbie and my chart analysis skills began about 9 o'clock this morning so if I'm missing something in looking at the charts, please set me straight because I'm anxious to learn... [/QB][/QUOTE]
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