Saturday, August 12, 2017 12:10:58 AM
real interesting chart...as far as I am concerned this supports my hypothesis of yesterday. Money Flow Index says it is almost Oversold, RSI says still Overbought. Both of these indicators are similar in the way they work. what I find interesting is that the A/d line says the opposite. It does not support the current upward trend.
My explanation for this is that you have a basic upward trend, but with strong Selling Pressure a well. The A/D indicates to me that it comes from a few or one Seller. Perhaps this is the this Kalani? Finishing off his sales? Seems so...
So I would say wait until the Accumulation/ Distribution line comes back to more positive territory.
My explanation for this is that you have a basic upward trend, but with strong Selling Pressure a well. The A/D indicates to me that it comes from a few or one Seller. Perhaps this is the this Kalani? Finishing off his sales? Seems so...
So I would say wait until the Accumulation/ Distribution line comes back to more positive territory.
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