Interesting micro Chinese stock at multiyear accumulation area above $1.50. It could need a few more months before a new (likely) rally.
A 100-200% gain could be easily achieved as long as support area holds.
A 100-200% gain could be easily achieved as long as support area holds.
Comment:
High chances of $MOBI finally being merged at $2.20/share and going private. That would be +17% profit and the end of this trade.
Major resistance, since 2011, finally broken and $1.95 minor resistance broken.
Would be nice to see it trading over $1.95-$2.00 for the next couple of weeks.