trademan1
Long

MGT Bullish >3 Reward:Risk Trade Bullish Bitcoin Play

AMEX:MGT   MGT CAPITAL INVTS INC
Using the reward to risk tool I found a trade that is 3:1 or greater, considering the current last price, and nearby highs and lows. This does not mean the chart stops trending at my target of 50.67%, it probably has a larger run in store, but this gives me a risk to reward framework to work in and allows me to focus on only the best likely trades in front of me. Then I can simply find new ones after this one is over, whether it is again on this chart or some other chart.

This is a bullish bitcoin play, MGT             is merging with Tera             Group Inc. giving owners of Tera             replacement MGT             stock . Tera             developed bitcoin derivatives and trading exchanges and now the value of that company benefits the MGT             chart.
http://finance.yahoo.com/news/mgt-capital-investments-merge-tera-130000494.html
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