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Thursday, December 27, 2012

Multico Poised to Move Higher


Multico gapped up at the opening bell. It closed at 1.42 after a high of 1.43. The chart clearly shows that sentiment in the stock has turned positive. Volume in the last 4 days shows an upward trend. A golden cross is also displayed in the chart. All these mean that the stock is likely to move higher. Once the resistance at 1.47 is cleared, new high is expected.
(The opinion expressed is that of the writer. If you disagree with him, don't tell him. Just unfriend him.)