Top Shelf Brands Holdings Corp. (DKTS)

[livinginstyle]

Low volume but I'll take 10% any day. TEMN!

I hear ya with the 10% day. That said, I like seeing high volume up days also. But, not necessarily today. Many times I've seen action just like today where it gains on lighter volume after an extended drop like we've had. That tells me most of the selling has about dried up. The Fibs. are telling me a bottom should be in. From here I see a slow but steady pick up in price and volume.

Some one posted earlier to watch for the MACD to bottom before buying. I completely disagree with that statement. The MACD is useless for short-term trading, pay no attention to that lagging indicator in this case. Look more at Stochastics and RSI. Fast Sto has turned up and full Sto soon will follow, they are leading indicators. Look at the RSI. Right now that leading indicator bounced off the 50% line and has turned up. Last time it did that this stock made its monster move from under .002 to .0099. Don't get me wrong, I'm not predicting that again, just pointing out past but recent history.

Accumulation/dist is very good and strong, see line on posted chart. Chaikin money flow held up nicely. When this happens on a stock with such a painful pullback, I have noticed it was on stocks which made monster moves and I think those stocks were naked shorted to cover demand on big volume days.

The chart and the Fibs are telling me we are now bullish. How bullish is yet to be seen. But, I am looking for a green Monday too.

Have a great day off tomorrow guys.