Monitise

I saw many times ShareProphet short this share. I haven't looked into this share or read the ShareProphet article about Monitise, just see this share was among on their list of shorts amny times.

I would stay out of this due to the fact that its looking like a continuation pattern .Also this has slightly broke the strong support of the trading range.If it does breakout with force then this can drop to 16p.
Current level is also the best area to go long on but i would not take that trade due to the fact that this share is hovering around this area. If you did take that trade then i would use tight stops of around 2-3 points..but that is a big percentage. Just wait for a 123 low formation to be safe


dl.dropboxusercontent.com/u/4899609/moni19thdec2014.png

I have been watching Monitise (MONI) for some time. Any views or opinions? Thanks.