We are holding what seems to be an important resistance of .2 We dipped below it but closed at .2
The long black candle had significat volume with it, if that was mainly selling pressure then surely the next day would have closed lower. It didn't, this may show that the long black day included plenty of buying, perhaps a markdown to trap recent buyers above the .210 area. Hopefully what we may see in the near future is a test below .195 on very small volume, followed by a big gap up above .220 (a markup), that should convince any holders that it may be moving up and they will hold on the fear of selling too early.
This markup may occur on positive estimate news.
Good luck, just remember that fundamentally MKO has not changed from when you bought.
MKO Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
