Muscle Pharm Corporation (MSLPQ)

[hotrod34racer]

MSLP Chart for Tuesday 01/04/2011



Today I would like to go through a three range EMA on the chart using the 5, 13, & 20 for this read.





This first chart shows how these EMA lines here have creating support and resistance they are coming together quickly so something must give. If the 5 day can break through the 13 day it should take the new daily candle with it and the 20 day would become the new line of resistance but if not it the will probably stay with the 5 day EMA





I would also like to point out how high the 50 MA is apposed to current price.

Next I would like to point out a successful EMA crossover notice how at the beginning of the up trend that the 5, 13, & 20 day EMS reverse, now with the 5 day on top and the 20 day on the bottom but candles still riding the 5 day line.





Now in the unsuccessful attempt at the crossover the 5 day does not quite break through the 13 day line but the price hits the 20 day line and crashes back to the 5 day in what can only be described as an abandoned baby.




Now let’s take a look at today’s chart.





What I’m seeing in today’s EMA’s is a mini pinch! The bulls and the bears are at a stale mate but just by reading these the bears have the advantage of having EMA .08 & .11 while the bulls only have .07 and the power of the people thinking that .045-.052 is a great deal on this stock for support.


So where I’m going with this is in the days to come, as news comes out, look to see if these EMA lines come together and if they do does the price rise above or ride below them. These are the real factors in this chart IMO and I can assure you that if the lines all come together I will do my buying pressure part to assure that it breaks through and rides above the line for a phenomenal run!




Thanks again for letting me rant about MSLP, remember this is all just IMO it’s not the Holy Grail and I’m not god! Lol…



Cheers traders! \_/