My only concern re MOY, short term, is the existing gap. A close at 21.5, on the 14th of this month and the open on the 15th at .22.
Historically MOY has always filled the gap. Of course there was the breakaway gap that occurred 25th January that was not filled. However I believe that this was the catalyst for current positive sentiment .
I further believe that the initially mention gap is a common gap and will close. MOY will be worth less (short term), before it is worth more. The gap will be filled, the difficulty is determining the time frame but I would punt on the gap closing next week.
May be a partial closure (IE having an intraday low of .215 but closing at .22, or more).
Hopefully to infinity beyond after the gap closes (well at least an upward trajectory)
The above of course is all imo
GLTAH
Charlie
MOY Price at posting:
23.5¢ Sentiment: None Disclosure: Held
