Stock Picks 2016 | 3 years ago

Is $COOL Set For A Real Technical Breakout This Week?

Our New Alert is


Majesco Entertainment Co. (Nasdaq:COOL)

Coverage Has Begun On Majesco Entertainment (COOL)
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COOL continues to be in our spotlight this week and for the foreseeable future. A strong mix of above average market activity coinciding with the chance of catching a short squeeze sets COOL apart from other technical breakout plays in a big way, in our opinion. We’ve seen this hold levels of higher support as compared to previous months and leading up to this week, COOL has managed to secure higher lows on a weekly basis.

Why’s this important? With the type of positive trading we’ve started to see, the chart pattern is starting to form an inflection point and this becomes a major focus when we look for a Bull Flag Breakout Pattern. Also considering higher levels of short selling, COOL could have the technical makeup for an early short squeeze heading into the week. Things could start to get very exciting. We’ve got a feeling that this could be The Week to have COOL at the top of your list. Stay tuned.

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