Not really.
First is to stick to basic, which is recognising the 3 type of charts.
1. Up chart
2. Down chart
3. Sideways chart.
Knowing that solves most of the problem already.
And yes charts can always be manipulated.
That's why I always say use the chart but don't let the chart use you.
That's also why that if you want to trade, make sure you know that there is a catalyst for you and also others to want to trade the stock.
Don't trade just cos the chart says so.
Okay MGRC.
If you are not in ... then clearly, as it is, you are not IN as early as you like.
Number of shares is so small, clearly indicating the possibility that the stock is in the hands of the cook.
Fundamentally ... I have zero idea what the company does..... BUT ...if you look at the most recent 3 quarters.... you will probably walk away already. Revenue also don't have wo ... what else do you want to talk about the company?
So if you still wanna bet on it (for whatever reason) then perhaps, Brendan advice is ideal. Wait for the pullback before you dive in the stock.
My advise is not to enter now, but judging from fundamentals and volume of the stock. I'll give it a miss. This counter highly manipulated by sharks..