In Retrospect: TBGI, MIC, GEO

TBGI broke the 2.50 resistance but was only able to move up to 2.55 before moving downwards. The price was blocked by the 130 day MA and moved to as low as 2.30. The symmetrical triangle is still intact and the MACD has now crossed above the zero line. Price action may move side to down this week probably a chance to get the stock near support level of 2.14. Recommendation: Watch out for support at 2.26 (65 day MA)/2.14 (trend line), these are levels where it would be good to buy. Cut loss if it goes below 2.10

MIC consolidated on the first 3 days of trading with 3.15 as resistance and move higher on the fourth day up to 3.60. The last day exhibited profit taking as the price went from 3.60 down to 3.30 closing at 3.40. Next resistance is at 3.80. There was no follow through with the volume after the breakout. RSI is currently overbought, so expect for the stock to move side to down. Recommendation: Sell a part of the position and buy back at a later time if the price moves down. MACD still looks good, so if RSI goes down from being overbought with price still moving sideways instead of down, start buying back. The next resistance at 3.80 is the target price for the Feb-April ascending triangle.


GEO went further down to as low as 1.76.