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Re: Microlytics post# 6009

Friday, 09/24/2021 7:42:47 PM

Friday, September 24, 2021 7:42:47 PM

Post# of 7841
Thanks! I was trading in another stock that diluted itself to heck the last couple days, and I see exactly what you're talking about in the accumulation line. :)
(NOT EGYF) https://i.ibb.co/ZY586Ft/20210924-psru-accdist.png


As far as EGYF, here's a fairly complicated set of charts. I X'd all the potentially-bad stuff.
- Sitting on the profit target for the earlier broadening wedge and below the 200MA
- Lowering volume
- RSI in breakout without a big price jump
- Bouncing all over vwap
- Buyers backing off
- williams AwesomeOscillator showing strong cooling on 30M

Some other indicators (MACD periods) look good tho. This could go either way on Monday. If it runs, good chance it's on track toward .14 and if it falls, I'm looking at that volume gap near .031