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Re: None

Tuesday, 11/29/2016 9:57:16 PM

Tuesday, November 29, 2016 9:57:16 PM

Post# of 185
a pullback was due. it had been running up the 5ma, and then Friday it barely hugged the top of the bollies. seems to me what we saw yesterday was a strong technical test of the support on the 20 day ma -- coincidently, that is the midpoint of the bollies.

chart below shows the williams and sto's were flat today. that infers a quiet exchanging of shares from one hand to another. i don't think there are a lot of shares available down here and the trading looked very controlled.

beyond that...

CMF shows good pressure on the ask, and chiosc and accum/dist suggest shares getting digested -- this is in 'float-eating' mode.

of course, just my rendering of the action and the chart, and as always, opinions differ and ALL are free to disagree with me

best of trading to ALL

rich


http://www.profitspi.com/stock-chart.aspx?id=EXAI&ca=1646802615

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