MG; MISTRAS GROUP - 100% GAIN- BULLISH MOMENTUM BUILDING
- ASSET CLOSE TO BREAKING OUT OF DOWNTREND
- PRESSURE BUILINDG AT RESISTANCES FOR STRONG MOMENTUM INTO XMAS/EARLY NEW YEAR.
MG trade ideas
Bullish engulfing with volume spikeDISCLAIMER. This post is for educational purposes only and should not be construed as investment advice. Your use of the stock observations is entirely at your own risk and it is your sole responsibility
MG: Imminent 40% dropMG currently belongs to the Top 100 most (monthly) volatile stocks, and is so within very healthy boundaries and calculable formations. Those looking for a low risk short-trade, this is it. Smooth sailing to $10 or lower within 2-4 months.
Formation: Left-handed closing wedge (failed)
