Tuesday, November 28, 2017 2:13:32 PM
INMG 15 min chart
this a chart that shows all the trading for the last week. it tells a story that is current, and as such can be used to guage a day's trade.
you can see on this chart that all the stochastics and momentum indicators have turned south. given the volume here, that's not a big deal. its just a sign of the current activity. what is more important is to look at the ChiOsc. contrary to the signal line of the A/D, which shows this is still under accumulation, it offers the explanation that retailers are selling from their inventory.
iow, what's appearing on the chart is the obligatory profit taking -- what? you think everyone holds forever? -- as well as the culling off of shares by longs who like to protect some of their investment. got it? its just another day on the long road of a start-up.
once again...
other chartists may disagree
best of trading to ALL
rich
this a chart that shows all the trading for the last week. it tells a story that is current, and as such can be used to guage a day's trade.
you can see on this chart that all the stochastics and momentum indicators have turned south. given the volume here, that's not a big deal. its just a sign of the current activity. what is more important is to look at the ChiOsc. contrary to the signal line of the A/D, which shows this is still under accumulation, it offers the explanation that retailers are selling from their inventory.
iow, what's appearing on the chart is the obligatory profit taking -- what? you think everyone holds forever? -- as well as the culling off of shares by longs who like to protect some of their investment. got it? its just another day on the long road of a start-up.
once again...
other chartists may disagree
best of trading to ALL
rich
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