11th May 2011–Pattern Study–MOBI

Ticker:

 

1. MOBI

 

Topic:

 

1. Complete rise and Free Fall cycle.

 

Lesson Learnt:

 

1. Check out its parabolic rise just like SLV.
2. Of course, check out how it falls like SLV too.
3. See how it punch through the 20MA line, snap back rally at the 50MA line and then got into 20MA line resistance and then fall again. Next thing you know, it punch through the 50MA line and now it come to a touch down at its main support line at $11.00.
4. Now the next $1M dollar question is, is this the BOTTOM?! If not, where will it be??
5. The lesson is if you trade according to what the chart pattern tell you, you will keep earning. Everything is so expected.
6. The entry point is coming soon. Keep an eye on it.

 

Intraday Chart

Historical Chart