Below is the pattern we have been following on MENT and as you can see tomorrow we have a reversal day scheduled. These turning points are +or- 1 day so it could also come Friday.
Either way, if you see this pattern form on the daily chart of MENT then you have a fairly good idea what is right around the corner..... A quick and sharp 3 day rally that should expand the option premiums with a vengeance.
When I get the green light I will be purchasing the February 10.00 calls which currently are valued at .47 and trade right about there.
Here is the current chart of MENT, so you can see the correlation of the stock prices.
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