Monday, October 16, 2017

Stocks that are gathering in momentum

Following stocks appears to be gathering momentum

CFVF - there is a strong support base forming between 38.50 and 39.00. If you have it keep an eye on. If you want to enter, try at the lower end of the channel i.e. 38.50.

RICH - A considerable volume traded at 14.00, as such the support now is between 13.50 and 14.00, but more biased towards 14.00.

SAMP - 340 has a good short term support, and the next support is around 338.50. The trend would resume it's ascent once the support is made very strong.

MBSL - Fair volume traded today mainly above 15.00. Presently the price is trying to breakout over 15.40, and with the present momentum build up we will see newer highs in the short term.

LDEV - strong accumulation at 13.50 and 13.60. Once the consolidation is complete this could test new highs.

MAL - 11.50 to 11.70 is where the support is. Accumulation will have to be at this range. Trend will continue once the accumulation is over.

MHDL - 2.12 million shares traded between 11 and 13.90 a few days ago. this has helped the stock to trade at the upper range of this channel. No signs of a trend continuation yet. Watch to collect low or wait for a higher close.

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