DarioHealth Corp (DRIO)

[jimmenknee]

Money Flow Chart Update: "Get Off the Lower Bollie Band's Lazy River Float Before It's Too Late"

If you have ever heard of the TA terms: "Bollie Pinch" or "Bollie Chute" or "Bollie Squeeze" they are referring to Bollinger Bands (BBs)-- specifically the Upper and Lower -- constriction as a foreboding of a considerable price movement...

... the bad news in this case is the direction of the movement can be predicted based on the candle's position within the BBs w/ Lower pointing to Down and Upper pointing to Up.

Money Flow TA 3 Cycle Buy Side Still Waiting: Money MOMO (ChiOsc) in danger of "braiding" w/ its negative side. Short-term Retail (CMF 3) (#2 on chart) reached its "power zone" (> .5) but has a recent history of not spending a lot of time in the zone. Both short-term (MFI 3) and monthly "Smart" (read: manipulative) Money (MFI 21) continue the upswing but the 50 line needs to be crossed for "confirmation."

The problem remains buy volume (PVO) (#3 on chart)-- the 3 Cycle up movement is in danger of falling apart. Needs news catalyst and/or momo traders returning in 1-2 sessions else the downward drift on low volume will turn into Bollie Chute Puke...

... Raff Regression and Fibonacci Fan replotted based on Sep 9 top and Oct 9 bottom (Oct 8 for Fib Fan). Key price areas to watch: Fibonacci pivot support (S2) @ .434 and (S3) @ .307-- sub-price points: .415 (Raff Regression) and .349 (Lower BB)