The stock I labeled as my Favourite Aggressive Small Cap Play when it was trading @ 3.30, went on to confirm its W – Bottom pattern and today generated a long-term buy signal on the monthly chart confirming the strong new uptrend. MIFI – Novatel Wireless is now flashing an all green signal on multiple timeframes.
Along the way I kept publishing chart updates for MIFI on Twitter showing why it is a high potential stock.
$MIFI Uptrend about to resume. ➔ http://t.co/sxqdFc9DJK pic.twitter.com/r0YlH711Hs
— Olivier Tischendorf (@Tischendorf) March 19, 2015
Here’s the chart if you are not reading this on my website:
$MIFI Novatel Wireless – Extremely bullish chart set-up. #IoT pic.twitter.com/xUrjxEise4 — Olivier Tischendorf (@Tischendorf) April 13, 2015
Here’s the chart if you are not reading this on my website:
As mentioned at the beginning of the post, today an important long-term buy signal was generated. All that is needed now is for volume to surpass the black line I drew into the chart. That would be further indication we have a huge winner in the making. We are not there yet. But the technical picture couldn’t possibly look better at this point in time.
Click on the Monthly MIFI Chart Analysis to enlarge:
Conclusion: My favourite quote from Justin Mamis best describes the current situation:
Justin Mamis – When To Sell
Justin Mamis – Trading Wisdom
The crowd is bargain hunting in what was; the knowing are buying what will be. – Justin Mamis
Twitter: https://twitter.com/Tischendorf
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