Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Thursday, March 21, 2013
MWW Monster Worldwide Weekly Chart Falling Wedge Positive Divergence
Monster may become a very exciting story moving forward. Keystone thinks FB may be interested in MWW to provide a leg up in competing against LKND. There is no evidence of Facebook buying Monster but it may make sense. However, never buy a stock based on takeover speculation. The chart is set up beautifully for a launch. The falling wedge and positive divergence creates the launch pad. MWW has moved relatively sideways and is forgotten in the background but it should jump to the forefront once the launch occurs. Come on Zuck, take your billions over to Monster and shake it in front of their face. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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thanks for sharing KS! Looks like a great buy to me IMHO; What a wedge! and yes, all that possi-divi is beautiful.
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