On a long term swing trade I could see MCOM going up to $5.50. On a shorter term I could see it spike 500% from here at .0395 to above .24.
MCOM has been in a constant state of down, however, the daily Moving average is starting to level out. Everything happens in waves. If you look at the volume flow on a 2week or monthly you'll notice the sell volume has peaked at an extreme high and has started to fall. Overall volume has been great. Buying has been consistent (still lower than sales).
As a company MCOM is making good moves.
This penny stock has great potential IMO.
MCOM has been in a constant state of down, however, the daily Moving average is starting to level out. Everything happens in waves. If you look at the volume flow on a 2week or monthly you'll notice the sell volume has peaked at an extreme high and has started to fall. Overall volume has been great. Buying has been consistent (still lower than sales).
As a company MCOM is making good moves.
This penny stock has great potential IMO.