MPW- The Charts Are What The Charts Are
We knew nothing about MPW until it popped up in one of our stock screeners
After analyzing the chart we quickly realized that the price structure was extremely bullish and was pointing significantly higher over the next year and a half
No need for a long explanation of the Elliott Wave count
And we can assure you that we couldnt care ONE BIT about the fundamentals
In fact we cant tell you anything about the fundamentals because we didnt bother to look (no seriously we really didnt look)
Why didnt we look?
Because SENTIMENT is the ONLY thing that truly matters (that and volume)
A price chart is simply a reflection of how the collective feels about a stock
That feeling includes feelings about the fundamentals
So if the price structure is bullish and impulsive then that means the collective is essentially bullish on the fundamentals...therefore there is no need for us to go look at the fundamentals and ascribe some value to it
But who knows...maybe we are wrong about this one..but then maybe we arent
Lets see....
After analyzing the chart we quickly realized that the price structure was extremely bullish and was pointing significantly higher over the next year and a half
No need for a long explanation of the Elliott Wave count
And we can assure you that we couldnt care ONE BIT about the fundamentals
In fact we cant tell you anything about the fundamentals because we didnt bother to look (no seriously we really didnt look)
Why didnt we look?
Because SENTIMENT is the ONLY thing that truly matters (that and volume)
A price chart is simply a reflection of how the collective feels about a stock
That feeling includes feelings about the fundamentals
So if the price structure is bullish and impulsive then that means the collective is essentially bullish on the fundamentals...therefore there is no need for us to go look at the fundamentals and ascribe some value to it
But who knows...maybe we are wrong about this one..but then maybe we arent
Lets see....
Not
Forgot to include that we have a standing order for 200 shares at 5.01
Just waiting for price to come back
Not financial advice of course
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.