AI
Thursday, July 27, 2023 2:02:39 PM
$MIKP Q-Intraday CHART:
Posted THIS in reply to my PREVIOUS CHART with commentary (below) in which I briefly discussed the SELLING PRESSURE as represented by the ADX Chart Indicator. In particular, the AD- (which is an indicator of SELLING specifically) as it relates to THE MEAN (white line) & Buying Pressure (green). My point was that the SELLING PRESSURE (at that time) broke DOWN through the mean. A sign, or signal of a potential UPTREND REVERSAL or CONTINUATION: But only if the SELLING PRESSURE continued to stay low or muted, & the Buying Pressure found some strength!!
The BREAKDOWN of the price in the body of the chart shows a temporary VIOLATION of the uptrend support like from $0.0005 price...
Should the stock CLOSE THERE. It would likely PORTEND more downside...
Right now the stock needs some B.P., catalysts, support, outreach, promotion, attention, awareness, whatever you want to call it. But it also needs to see those FRONT-Loaders STOP their selling. Otherwise, it is MY OPINION the stock moves LOWER!! GLA
MIKP
...
Posted THIS in reply to my PREVIOUS CHART with commentary (below) in which I briefly discussed the SELLING PRESSURE as represented by the ADX Chart Indicator. In particular, the AD- (which is an indicator of SELLING specifically) as it relates to THE MEAN (white line) & Buying Pressure (green). My point was that the SELLING PRESSURE (at that time) broke DOWN through the mean. A sign, or signal of a potential UPTREND REVERSAL or CONTINUATION: But only if the SELLING PRESSURE continued to stay low or muted, & the Buying Pressure found some strength!!
The BREAKDOWN of the price in the body of the chart shows a temporary VIOLATION of the uptrend support like from $0.0005 price...
Should the stock CLOSE THERE. It would likely PORTEND more downside...
Right now the stock needs some B.P., catalysts, support, outreach, promotion, attention, awareness, whatever you want to call it. But it also needs to see those FRONT-Loaders STOP their selling. Otherwise, it is MY OPINION the stock moves LOWER!! GLA
MIKP
...
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