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Thursday, December 16, 2010 8:20:28 PM
MSLP looks as if it could be at the beginning of a new trend now, CCI (14) is just at the soft buy line, and today’s low was higher than yesterdays and even though it closed lower today it’s days high was slightly higher. There were more sells than buys but that’s to be expected after a run up like yesterdays and the dive we are coming out of.
I personally use lots of indicators such as volume, RSI, CCI and the like but also have a theory that price always returns to the 50 day MA line (eventually anyway!) I have done my share of DD on this gem and this is a real company with a real products and there promoting it like they mean business! Lol… so I’m going to stick and stay and make this one pay!
The days ahead will start to tell the real story IMO if we can get the CCI up to that hard buy line technical traders will start to really see the potential value in this stock IMO
Cheers Traders \_/ and great Friday to all
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