Lets Celebrate together for My Recent Wnning of $10,819 or 20% gained
Moreover, the stochastic indicator, an important indicator, already shown that MGM stock is overbought and getting bearish. Eventhought the MACD indicator is still showing positive sign, however, based on my many years of experience, I believe that it is just a matter of time before the blue line will cross over the red line (as per my own drawing above) and push MGM into the bearish zone for a technical correction.
It should also happened because it is time for the speculators to cover back their long position in this stock and to restart afresh again for the next upward move.
Well, when it happened, I will be there to watch it like an eagle hawk eye and to strike on MGM again when the price is right. Another 2 stocks that I am currently looking at after a huge sell down is Electronic Art and Supervalu Inc.