Your TA mate is absolutely correct. When any stock is backed by FA and news is due; once it's start moving up and build a golden cross on weekly/daily; The great run is imminent in ST to Medium Term. A very strong bullish indicator. Specially for MNQ, which is due to fill gap up at 10c.
Many reputed posters already discussed here about FA and some great analysis on TA. however, I would like to add that current daily/weekly chart of MNQ is pretty much remind me of MBN chart when it was trading well below 4c and then once passed through golden cross on news due, it did run through to 16c-18c before retracing back. I kept screaming to my mates to buy up but only few did and ripped the rewards.
MNQ - is truly well set for the next leg up.
Your TA mate is absolutely correct. When any stock is backed by...
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