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Friday, September 19, 2014 9:17:24 AM
That would be the MM's. They can easily manipulate these small stocks to make a killing each week. Why they are allowed to get away with this is beyond me, but as long as the SEC doesn't step in to change this, they will continue this practice everyday.
The good thing here is that the stock has bottomed out and we are just entering the time where the MJ stocks heat up. A meaningful update about their CBD project could easily set the stock on fire.
From a chart perspective, you are right, it continues to trade in this channel and given the huge A/D Bullish Divergence in play and easily seen on the chart, it wouldn't take much buying volume to cause a fast reversal. Here's hoping for some big news next week on their CBD project - Cheers!
Accum/Dist Divergence
Divergences play another huge role in analyzing the ADL. It is believed by many that volume precedes price so any instance in which volume and price are heading in opposite directions should surely be noted. ADL will help the trader identify these instances.
Bullish ADL Divergence is when the ADL is trending upwards while price is trending down. ADL trending up shows an increase in buying pressure (Accumulation).
The good thing here is that the stock has bottomed out and we are just entering the time where the MJ stocks heat up. A meaningful update about their CBD project could easily set the stock on fire.
From a chart perspective, you are right, it continues to trade in this channel and given the huge A/D Bullish Divergence in play and easily seen on the chart, it wouldn't take much buying volume to cause a fast reversal. Here's hoping for some big news next week on their CBD project - Cheers!
Accum/Dist Divergence
Divergences play another huge role in analyzing the ADL. It is believed by many that volume precedes price so any instance in which volume and price are heading in opposite directions should surely be noted. ADL will help the trader identify these instances.
Bullish ADL Divergence is when the ADL is trending upwards while price is trending down. ADL trending up shows an increase in buying pressure (Accumulation).
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