MCIO formed a beautiful weekly pup breakout as pointed out last week on the $2 trigger breakout to peak at $3.  MCIO pulled back to test 2.15 and closed out the week at 2.70 with a TIGHT .05 spread 2.65 x 2.70.  Tightening spreads is always a good sign that buyers are getting restless. 

The daily stochastics on MCIO peaked at 100 band and retraced as MCIO also peaked and coiled back above the daily 5 period ma.  This sets up for a basing period before the daily stochastics winds back up off the 80 band for a retest to take another crack at $3.

A break of $3 sets up the next upside target to $4.50 x 5 level.  This should set the stage for a parabolic move similar to PDO after a basing period.  My long term target levels still stand at the 10-12 range.
 

This is a very speculative and thin trade.  Please review my prior notes on this if you decide the play http://www.themoneyblogs.com/undergroundtrading/my.blog/mcio-possible-20-bagger-only-for-longer-term-speculation-players.html
Do your research and only play with risk capital you can afford to lose.  This one  is NOT for intra day players. Good luck to us!