Mobile Streams - Reversal Signal?

Mobile Streams (AIM: MOS), closed tonight at 25.0p (down 4p - 13.8%). This looks to be a classic Low - high, High - Low reversal and perhaps signals a time to take profits on this young growth Company, current MCAP = £9.1m.

The graph below shows the clear signal...

Since we spotted the breakout on 14th March 2012, when the price was 11.875p, MOS has had a good run - increasing by 13.125p (+110.5%) at the closing price today. However, now seems like a good time to take profits and wait for the next set of results, as I believe the likelihood is that a drift back in the share price is on the cards.

However, with the volatile market and the looming Greek election on Sunday, it would be a brave person that would suggest re-investing before next week!

As ever, DYOR and make up your own mind on Mobile Streams.

Happy Investing - despite the gloomy weather!

Mick.

Mobile Streams - Breakout (11.875p)

Mobile Streams, the Company that sells 'apps' (mobile phone applications), closed up 25% (at 11.875p) today. The long-term SP graph shows a downtrend, since the high of 36.75p (18th March 2011) - see the graph below...

Looking at the shorter term graph, this is even clearer (see below)...

You'll note that the ADX has given a buy signal today and that the OBV has kicked up too. So what about the fundamentals?

Looking at the Sharescope key metrics (below) is interesting!

The first thing to note is that the key metrics (along with the newsflow - particularly the half year results) indicates that the Company is growing quickly. Secondly, the PSR is well below 1 (see the turnover figures above, compared to the MCAP). This gives opportunity for us DIY-Investors in my opinion.

The price action since the start of the year, shows the clear breakout that seems to have taken place...

Here you can see the clear kick up in the OBV & RSI, together with the buy signals on both the fast and slow ADX indicators. You can also see that the price has broken significantly up through the 50 day moving average (blue line) on high volume.

As always, DYOR and make up your own mind!