MIC
MIC has had a hard time breaking above the 8.70 resistance level. It was able to do so once, but price fell back in consolidation for the same day. On the other hand even if it was not able to maintain a position above 8.70, price was able to maintain the support on 7.80 level. As of current, MIC is consolidating in a small sidewards channel between 7.80 and 8.70. If price continues to move below 7.80, it would be best to sell considering it has consolidated for 2 weeks and a move towards 7.80 means a stale mate has been broken between the bulls and the bears and definitely the bears win if price goes below 7.80. Next support at 7.70/7.10/6.10.
PLTL
PLTL’s price has consistently closed at or above 8.00 the previous week. It was an unexpected move for PLTL to break the support at around 7.80, bringing the price down to 7.40. It fell 10 cents short of reaching the downward target of 7.30. This is one of the rare occasions that an ascending triangle breaks down. If price would still rally by Monday, this would be a good time to sell, considering that MACD just turned bearish.
MPI
The flag/pennant formation for MPI did not materialize. Instead a spike happened on the second trading day, opening at 5.30, achieving a high of 5.80, before closing again at 5.30. Currently it has found support at 5.00, but price may still move further down or sideways movement for the coming week.
WEB
WEB is dangerously moving near the apex of the symmetrical triangle. A breakout or breakdown may happen soon. Otherwise we have to redraw our charts. As of current the 130 day MA is providing support at 0.0525. I’m more to expect a breakdown from this stock because of the following bearish indicators: 1.) the 65 day MA moving below 130 day MA, 2.) MACD crossing below the signal line. 3.) RSI has consistently stayed near oversold level. The next support levels are 0.0525/0.048/0.042
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