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From a chart standpoint... MELY looks good.

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TheHungryHippo Member Level  Saturday, 05/31/14 01:29:21 PM
Re: norcalgold post# 218
Post # of 243 
From a chart standpoint... MELY looks good.

This weekly chart shows how it touched the bottom of the cloud this week but then pulled back to close at .003

If It could somehow gather enough volume to rally into the cloud.. Then the stock would be at Medium Strength.

Right now under the cloud it is low strength..
(Above cloud is strongest)

So I suspect with the authorized share increase.. it has ruined a chance to break into the cloud because perhaps dilution will be hitting the market. I could be wrong, but I know most of you were able to get out with some profits and are probably on the sidelines for now like me.. I am watching closely though.



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