Wednesday, March 23, 2011

MFN: Look who's loading a target...

The update on gold and silver miner MFN went out on March 11th, including...

"Technically, this is thus far a healthy pullback, with the EMA 70 (9.70) as a target."

"Ultimately, the upside target would be 15.50 if MFN should exceed the noted resistance at 12."

It got down to 9.86 and support around the weekly EMA 70.  This was when people were selling down a stock for no good reason even though it was in a very interesting and bullish pattern by weekly chart.

Here is the MFN of today, 25% higher.  There have been many of these updates that successfully called such events during NFTRH's history.  Some clunkers too.

But it's the newsletter that knocks itself out trying to give subscribers the best combination of profit potential and risk management that it can.  In that regard, Mr. Cautious notes that MFN needs to close the week above resistance to load target.

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