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.