Sometimes a stock mentioned on the virtual list catches my eye. This
time, mwe. (Actually the stock was already on my list, see below.) Here
is some action to study. An eye for detail is worth developing.
The volume spikes looked especially interesting; enough to suggest the
company might be on to something here. Sometimes at this point it can be
useful to find out a little about what the company does. It takes a few
months at least to assay results of drilling, but the company and the
drillers will have an idea if something looks promising... .
You can see that buying the announcement is too late (announcement Sept
10, 16:02:27 - how does the market know it's coming 11??)
If you want to buy it now, best to wait a day or two for better price,
if your emotions allow it! Trend looks promising, especially the weekly,
so too the announcement.
shows the same volume spike roughly 3 months prior also. (No chart
This is not seeing something in hindsight, the stock should be on your
list to watch by 19th August, as the stock started appearing on the new
highs / rolling year records list, volume confirming the trend.
Now just let's hope they have re-discovered Lasseter's lost reef!
MWE Daily - PDF