Happy Mothers day to all the Mothers out there. keep up the great work !
My New Trade Alert: Microelectronics Technology Co. (OTCBB: MELY)
MELY, through the acquisition of Cloud Data Corporation, an Incubator of Internet and Social media technologies, is positioned to capitalize on the exponential growth of today's technology market within Cloud Computing.
Cloud Data Corp allows MELYto differentiate itself within the technology market by providing leadership in the following areas:
On Thursday MELY caught my eye because of unusual trading, in which the company increased in value by more than 34% on a significant volume increase. After noticing this I further began looking into why this was happening in order to determine whether my subscribers could benefit from a potential further appreciation in value.
After this 34% rally I didn't want to jump the gun as I did on my last trade alert, so I decided to watch MELY during Friday's trading in anticipation of some profit taking. Its only natural for a company to pull back a little after such a profound leap in value.
I was right! On Friday, MELY retraced its 34% move by 10%. But here is the important part. Not only was I looking for some profit taking, but it was very important to see what kind of a pullback. There is a big difference in whether this type of movement happens on above average volume or on little to no volume. Considering that volume levels were just above average this showed to me that there was relative support at present levels, which means reduced downside risk and further potential for upward appreciation.
But more importantly, what really caught my attention is the number of new developments that the company has been experiencing during the past 3 months alone! There have been at least 10 new major press releases! The reason this is so exciting is because, as you will notice, the volume levels have been picking up substantially, which means more people are now watching the company than ever before. Now, after so many incredible developments that the company has been experiencing, volume levels have increased by more than 6,635% in the first week of May alone!
Also, here is another interesting fact, in late April MELY appreciated in value more than 100% in just several days, rallying from 10 cents to more than 20 cents!
Currently the RSI is at 40 on the daily scale which indicates oversold trading levels. The last time the RSI was this low MELY experienced a huge jump in value, of more than 100%.
Here is another important factor that I analyzed prior to alerting MELY to everyone. MELY has a very favorable share structure where there is only 125 million outstanding shares! The reason why this is an important factor is because it determines the type of positive volatility that the company's market valuation could experience. If there are too many shares outstanding, then you wont see huge returns on investment. MELY on the other hand has a share structure that creates a favorable opportunity for my subscribers to witness significant returns on investment.
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