MOY - we see from the monthly chart the torture that shareholders have been enduring since Oct 2016. terrible terrible tragedy. a corrective pattern that has just been going on and on and on. no wonder so many have lost faith and become traders savaging MOY.
But in the midst of the toil and pain what do we see. Long term support at the 14 cent which has been respected. A consolidated coiled spring not too dissimilar to NCM. moving averages converging on the monthly chart. Cycle analysis that historically produced impulsive waves. neutral momentum indicators with slightly positive directional movement. Hovering just under the cloud.
I see a ray of sunshine beaconing through the clouds. A new dawn a new hope. a victory from the toil. I can see an explosion through the pain, through the cloud bringing happiness to my fellow long suffering shareholders.
Our time is here. A sustained move higher from next week is my thoughts at the moment.
