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Re: Beerworld post# 365

Wednesday, 05/17/2017 1:07:58 PM

Wednesday, May 17, 2017 1:07:58 PM

Post# of 1106
I think we have an uptrend coming - 9 day chart.

Pink arrow on FTR shows accumulation by big boys started last year.

White lines show LT candle support resistance at around $5 and $10, VBP median at $7.50. (pink arrow). If we break $5 on size I would look at consolidation around $7.50 or $10.

OBV - yellow circle accumulation is dominating.
ADX - ambiguous, will turn positive, IMO.



Note similar levels and price action in spring 2009.




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