Asleep at the Wheel

[rich pearl]

MLHC chart

another nice day. candle was the Fib50% -- .0018-.0019. next stop is the Fib61.8% at .0021, which, coincidently, is the PSAR flip. this is all playing out as textbook. the next Fib after this is at .0029.

now lets look at the chart.

bounced off the 10ma, turned it into support.

5ma crossed over the 10ma. all moving averages are aligned, fastest over slowest. after riding the 5ma for 3 days, this has begun to head to the top of the bollies.

psar flip tomorrow at .002/.0021 lights a candle. sets up the run.

williams and sto's have turned northward. iow, there's more buying than selling.

accum indicators -- A/D, ChiOsc, OBV -- are rising. shows the float being eaten as buyers buy more and sellers sell less.

there's growing pressure on the ask -- CMF

PPO -- it reacts to the change of momentum quicker than the MACD -- is diverging upward.

now we're just waiting on the CCI and StochRsi to herald the breakout.

all in all, past .0021 this could begin to run hard. volume will be key. this one is ready!!


https://www.barchart.com/stocks/quotes/MLHC/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=MLHC&grid=1&height=500&studyheight=100