Monday, June 14, 2010

Urgent News: Traders are Flocking to see MFGD!

phbr_logoMoney4Gold Holdings, Inc. (MFGD) has a gold output that every junior miner on the OTC BB would kill for – but it doesn't own a single mine!
Instead … MFGD purchases – at scrap value – surplus, unwanted or broken jewelry from the general public, and then melts it down and sells it at market value!
You've probably seen their commercials on TV – where smiling consumers hands MFGD their gold, platinum, silver or palladium in return for cold, hard cash! 
I'll tell you more about the company in a moment – and its latest breaking news – but first, let's look at its chart.
MFGD is on a breakout roll!
The chart shows that MFGD recently posted a 52-week low.  And yet, despite posting really strong revenue numbers (see below), the market sold MFGD down to 7 cents.
But now, traders appear to have changed their minds about MFGD:
  • The stock is undergoing strong accumulation – it has reversed trend and is currently on a strong bullish run
  • The MACD has strong bullish momentum and is heading for the "0" line.  Once that level is crossed, MFGD's moderate bullish signal becomes a "strong" bullish signal
  • Stochastics are oversold, but history has shown a stock can run oversold for a long time with a bullish MACD  

No comments: