Things to look for in investing in a new stock:
1) Large amount of insider buying, in short period
2) Price action is at major support area
3) Price action is at a trend line
4) Price action is making a reversal pattern ( Pinbar, Engulfing or Harami)
5) Best price action trend angle is 30% to 45 % (Noted on chart)
6) Looking for price action to go to $14.18 to $14.94 by EOY
7) Price action is making a double/triple support area, since March/April
8) Consider call options at this time
9) PE=5, ROE 18%
10) Finally, make sure company has a history and not still within 1st year of business.
Green lines are bearish trend lines on chart.
Because this is a Mortage Holding, Inc related.... I would not consider this a long term stock, just for short either daily and/or monthly trading.
1) Large amount of insider buying, in short period
2) Price action is at major support area
3) Price action is at a trend line
4) Price action is making a reversal pattern ( Pinbar, Engulfing or Harami)
5) Best price action trend angle is 30% to 45 % (Noted on chart)
6) Looking for price action to go to $14.18 to $14.94 by EOY
7) Price action is making a double/triple support area, since March/April
8) Consider call options at this time
9) PE=5, ROE 18%
10) Finally, make sure company has a history and not still within 1st year of business.
Green lines are bearish trend lines on chart.
Because this is a Mortage Holding, Inc related.... I would not consider this a long term stock, just for short either daily and/or monthly trading.