As expected the great rally has begun on MB.
TOday it has touched 0,70 and i would not be surprised to see another round of this rally for the next 2 days.
2 weeks ago somebody bough 800K shares at one time and again today i saw 1 deal of 1M shares and another for 1,1M shares. To me that is the signal MB is back on track and ready to get back to it's old share value. Could this be some kind of hedge fund? Look...today 1M shares was 650,000$ so it is not retail investor.
They have turned the corner, have started again to make profit, are able to sign new deals meaning confidence is back (EA is not anybody you know) and we see these deals of M shares happening.
The actual value of MB is more like 1,20 and as mentionned on october 26th the 0,64 resistance is gone and we are now testing 0,72. (almost achieved today).
By getting rid of the 0,72 wall, the next step will be close to 1$ unless another wall comes in at about 0,84 from traders. From an investor point of view, 1,20$ is the minimum to sell actually.
When Q4 is released and if sales / profit is still very good, the right price could be near 1,50$
But as usual do not invest more than you can afford to lose.
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