Downside risk pretty much eliminated now I would guess, thoughts? I started receiving notifications from awe-some*sto-cks the other week and so far they have presented interesting new trade ideas.
If we are to go off the RSI then you could argue that a pull back next day or so could occur on MGK before rallying up. Ive been struggling with this stock lately. Some of my other trades have been from awesome*sto-cks which are working out pretty well.
MGK has just seen the last of the selling. Looks like a potential push higher is in store. Not sure how awesom*stocks finds all these incredible trade ideas but im happy.
Very difficult to see MGK not making a big run north. google awe_some_stock.s - they offer pretty good trade alerrts. you dont have to trade their tickers but it definetly helps you recognize possible patterns for stocks you're trading.
The scenarios are quite interesting at current levels for MGK. Ive been struggling with this stock lately. Some of my other trades have been from awesom-eSTOCKS which are working out pretty well.
MAY-2016 Mega Cap 300 Growth ETF NYSE : MGK Correlation Histogram
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0.9 In other words, the correlation coefficient of the other stocks