Mercer International Inc. (MERC) Message Board
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This could just be technical noise
Most stocks that break down below the 50-dma will retest that moving average before resuming it's downtrend. It's technicaly important to close above and stay above the 50-dma ($13.08) to signal a bullish reversal. Right now, I'm hopeful but not elated. The way this one trades, I wouldn't be surprised if it tanks in the last half hour and closes red.
http://stockcharts.com/h-sc/ui?s=MERC&p=D&yr=0&mn=4&dy=0&id=p04142803511-
- 2 Replies to fiznwtrs
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Good chart. And when it breaks over the $16 trendline, we're really off to the races!
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Mama needs a boob job!!!!
This is the first stock since VVTV in 2000 or so that I have nailed. That one was a 4 baqgger. One more good day and I've got a 2 bagger on this. I wish I could say this will go to 21 making it a 3 bagger, but just not sure until their rayon thing hits.
Good luck to all longs! SMOOCH!
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stan the shares were going up nicely until Peter put in his two cents worth of negative sentiment.
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Peter, these are very bearish comments coming from someone we thought was very bullish, and ... just when the shares were making an attempt to rise. Stan
- 1 Reply to stanley_wynett
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Hi Stan, today was an important day technically. Closing above the 50-dma is the first sign of bullishness. If we get positive follow-through tomorrow, then I will be 100% bullish in both near and long-term. If it tanks hard tomorrow, then we have a lot more consolidating to do at lower prices. Let's wait and see what happens.
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And just when we thought you were absent forever, you return with your F.U.D.
I read your nonsense post yesterday, posted in all caps about a drop in the spot price in China.....good thing the street disagrees with you.
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