
In a market that is still very jittery and susceptible to fear driven selling, the best approach is to cut back on your long term holdings, sit on cash until the market settles, and look for short term trading opportunities.
Mooter Media (MMZ) is a stock that I know very little about, but it presented a short term trading opportunity today.
The above chart shows the previous upper level of a trading range at 1.2c being broken, and then a clean break past the previous high of 1.3cn was made. The buy signal was at 1.4c and as you can see a high of 1.7c was made today before the share price closed at 1.5c for a 36% gain.
As I mentioned already, I have limited knowledge of the stock and I am ignorant of the reason why the share price is going up, but the trading action today was telling me to buy, and the chart is also showing a clean breakout with significant volume.








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