Sunday, February 01, 2009 11:07:10 AM
Some things I like and some things I do not like about the chart.
The RSI needs to turn back up and challenge the 50, conquer it and move up to the 70. The lows are getting higher and the highs are getting lower and is forming a wedge. The moving avgs are all bunched up and once we pop through they will be great support. Looks like we have some resistance to get through, the .20 first which has formed to be fairly strong and is very tight with the moving averages. The next resistance I see is at the .30 I see support at .14, .12, .10, .08 and if we can pop the .20 that will be strong support. The MACD, TRIX and PPO are all up trending and that looks good, but need to curl back over the trend line. The full STO is uptrending nicely and I LOVE the ACCUM/DIST. The CMF will turn back up with a little buying pressure, and to me that is all MTRE needs. News of the uplisting and acquisitions should bring the attention we need.
Rock on.
The RSI needs to turn back up and challenge the 50, conquer it and move up to the 70. The lows are getting higher and the highs are getting lower and is forming a wedge. The moving avgs are all bunched up and once we pop through they will be great support. Looks like we have some resistance to get through, the .20 first which has formed to be fairly strong and is very tight with the moving averages. The next resistance I see is at the .30 I see support at .14, .12, .10, .08 and if we can pop the .20 that will be strong support. The MACD, TRIX and PPO are all up trending and that looks good, but need to curl back over the trend line. The full STO is uptrending nicely and I LOVE the ACCUM/DIST. The CMF will turn back up with a little buying pressure, and to me that is all MTRE needs. News of the uplisting and acquisitions should bring the attention we need.
Rock on.
Rock out with your Stock out. :)>
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