Mammoth Energy Group, Inc. - MMTE has been sky rocketing until recently hitting the dreaded downsloping 200-SMA. As the past two days show on the chart, this level is clearly the key resistance area. No chart can go straight up though, so as long as the support levels hold strong (all mapped out in the video), then you will be able to classify any pullback as a ‘healthy’ consolidation. The other dynamic of the chart to keep a close eye on is the volume. If the price does pullback some (or go sideways), the less volume on those days, the better.
MMTE Penny Stock Chart_ 1/23/2012
23. Jan, 2012 Categories: Mammoth Energy Group Inc by admin 0 Comments
Tags: "stock market", $USD, bank, bloomberg, bull, bullish, business, charts analysis, claytrader, currency, daytrading, dow, economy, euro, finance, financial, forex, futures, gold, government, index, investment, market, markets, MMTE, nasdaq, options, otcbb, penny, penny stock, pinksheet, profit, stocks, system, technical education, trading, US Dollar
Stay in Touch
Categories
Recent Tweets
Testimonials
First I must say that I'm a rookie trader and know very little about charting. I have really learned alot so far and I'm enjoying the lessons. - Roger
Very informative info, easy to follow material with great videos as well! Anyone looking to learn charts or just enhance your skill, this is an excellent platform. - Gator
Thanks for all your insights on trading I've had your video for a while and review various aspects once or twice a month. It's coming together. Made some money and less losses. - IronHammer
I cannot believe how much I learned, and how fast the stuff I learned came in handy! So thanks a bunch. - aPage
Stay Social