Thursday, January 25, 2018

M1 - Rising Ahead of CD

M1, a stock which I gave a bullish Whatsapp alert on Monday January 22nd and also a bullish outlook on my blog is slowly rising towards the 1.90+ mark. The buyers, news and dividend came the next day after we went long before the breakout.

The results was not fantastic but they are giving dividend which is a surplus that could give rise to the stock price. Although there will be new competition from the 4th telco but still I am a firm believer in reading the chart correctly and avoid all other noises and reports. There are many reports of M1 to put on hold or being neutral, but still it defies those reports and moved higher.

The chart setup is beautiful, with flushes, accumulation and some collections, I think there could be more news for M1 in the coming months ahead.

Ronald K - Market Psychologist - A Stock Market Opportunist