http://stockcharts.com/h-sc/ui?s=MTO.V&p=W&b=5&g=0&id=p17462258153

 

Hopefully got it rite this time. Seems to have double bottomed at 17..and I doubt now that we will see 13..as that was an anomaly. I recall that only a few thousand shares were traded down to 13/13.5 because the bids could not support the size of the huge market order at the time of tax loss season.

What is particularly noteworthy on the chart as well is the RSI graph at the top. With the December selloff you will notice that the RSI dipped to 30 or very close to it. If 17 is the true bottom on this then with last weeks drop back to 17, the RSI could only reach about 38 or 39.  ..indicating underlying strength and similar to what happened with RSI about August 2009 when the stock double bottomed before the rally to 43 cents. If all works as predicted, then we could see a run to between 30 and 36 cents in the near future...