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OTCMarketsExpert
Nov 12, 2019 4:39 PM

$MCLDF McCloud Technologies on verge of breakout. Long

MCLOUD TECHNOLOGIES CORP.OTC

Description

Alert set for a break above $0.36 for a possible long entry @ $.37.
Earnings on the 14Th November may be the catalysts for a breakout or breakdown.
Comments
Gy65Dg80
I've been trading around a core position in this one for years.. looks like a breakout is in play, especially if the upcoming earnings report says they finally achieved their long held goal of 70,000 connected assets which should put them cash flow positive. July 30's buying was the highest trading volume day since it skyrocketed up back in February. To be clear I think we need solid earnings report for it not to break down like it did earlier this year. But the stock has hung in there despite Canadian fed pledging to begin tapering before other countries. I plan to try to continue to dollar cost average in at any price under $3.25, not taking profits unless it gets over $5... looking for a target of $18.50+ by 2023, but I am the only person I know that likes this company.
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