We became aware of potential interest in this one via our usual morning routine of scanning for unusual pre-market activity.
As per our "10 Commandments of Trading", we stalk potential opportunities until roughly 10:45 in order to try and weed out all the market maker shenanigans in addition to giving the Indices adequate time to show their hand.
Anyway, as it happened, MOBI tripped our proprietary filters which gave us some a little more confidence that it might not do the classic gap open and slide routine.
That and the fact that the Dow was up around 150 points by time my second cup of coffee was ready..lol
Feel free to review this chart to see just a part of how our methodology works.
I just want to point out that as far as the chart goes, the key moment was when the 2nd doji candle(circled) slipped below the burgeoning trendline(pink) yet closed above it.
I was watching this one unfold and I can tell you that it could of gone either way!
We issued our Sell Stop level to our members and as we all know, fortunately it just took off from there.
We really like that kind of pattern and yes, we do get this granular in our approach.
Anyway, we did take some profits at an average price around $8.36 for a nice 8% gain!
Feel free to engage with us during the trading day by accessing the Live Chat widget on the bottom right of our website..
And yes, like the majority of our methodology, a human will be involved..not a machine ;-)
And lastly, if your ready to start banking consistent profits(singles & doubles), with the occasional round bagger(Grand Slam actually), explore our "Services" tab and find the product that fits your routine.