Blum Holdings Inc (BLMH): "gotta keep an eye on OBV & Money Flow &...

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Abandoned_Baby

Re: Abandoned_Baby post# 247883

Wednesday, 01/17/2018 8:59:25 AM

Wednesday, January 17, 2018 8:59:25 AM

"gotta keep an eye on OBV & Money Flow & the chart will follow. If support is breached, .25 is next ."

Friday's trading action and subsequent formation of a 'Hammer' right there at support confirmed solid support at .28.... RSI, OBV & MFI grew a hook up from Friday's close indicating a reversal of the "trend".

Typically when a ticker shoots up the way it had before the downturn on Sessions news I wouldn't classify the reversal as a "trend" more than I would consider it a healthy correction and much needed confirmation of solid support and formation of trading range.

It'll be interesting to see where resistance lies inside all the early January exuberance.

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