Yesterday I mentioned that I had enough MKO in my portfolio, hence why I hadn't been buying more despite the bargain prices being offered up.
Well change that. I scrounged around for wee bit of cash and have been throwing in orders at 11.5cents this morning. Every one has been hit thus far, not that I'm complaining.
So why the change of heart?
The charts are tossing up some very strong buy signals here on a daily level. Indicators are all starting to turn up, and I liked the setup on the candles chart.
Price is at the very bottom of this channel, and really could be back to at least 16c in no time. Fundamentals should have the stock above 20c, but I've mentioned that enough already.
Easy money in my books :)
MKO Price at posting:
11.5¢ Sentiment: None Disclosure: Held
