Wednesday, December 28, 2011

M1

M1: Trading Central has Technical Buy Call. Note that the upside prevails as long as $2.41 is support. Note however that the downside breakout of $2.41 would call for $2.35 and $2.32.
Add that the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at $2.43 and $2.45).
Resistance at $2.61, $2.58, $2.54 and $2.47.

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