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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