Pegasus Tel Inc (PTEL)

[illflyifyoubuy]

PTEL CHART ANALYSIS

I know.. That is weird.. We had a




Bullish Dragonfly Doji

The Bullish Dragonfly Doji Pattern is a single candlestick pattern that occurs at the bottom of a trend which we seen in the last candlestick on the chart..

The failure of the market to continue in the selling side reduces the bearish sentiment. Now the shorts are increasingly uneasy with their bearish positions. If the market opens higher next day, many shorts will have a strong incentive to cover their short positions.

The Bullish Dragonfly Doji Pattern is a more bullish signal than a Bullish Hammer Pattern. Its reliability is also higher than the Bullish Hammer Pattern.

However, a confirmation of the trend reversal implied by this pattern by either a white candlestick, a large gap up which we see after the dragonfly Doji suggesting definite conformation of a major bullish reversal.,or a higher close on the next trading day is still suggested, to be on the safe side.

OVERLAYS

We also see the 50MA coming down nicely which is deemed bullish.. You get the 50MA under the PPS and that is a no brainier of a bullish chart and a expected rise in the pps..

Bollinger Bands..

The Bollinger bands even suggest a Bullish Bollinger Band bounce being the pps is touching the lower band within the normal price channel of the pps.. AND... When the bands contract so much that they begin to appear to "squeeze" the stock’s price chart, is when the Bollinger squeeze occurs. This is usually a a pending breakout which usually is bullish...





Accumulation Dist

The Accumulation Distribution Line is a volume-based indicator designed to measure the cumulative flow of money into and out of a security.. Since beginning of July, we see a steady climb in the Accumulation Dist. That being said, A running total of the Money Flow Volume forms the Accumulation Distribution Line.

Chartists can use this indicatorto affirm a security's underlying trend or anticipate reversals when the indicator diverges from the security price. The trend was solid for 5 weeks straight.. And in one day.. BAM.. There is foul play for the chart to indicate this...


Chaikin Money Flow

Chaikin Money Flow measures the amount of Money Flow Volume over a specific period. Money Flow Volume forms the basis for the Accumulation Distribution Line. And again.. Since July we see a substantial increase in money flow.. Yet the pps really did not move to upside.. I can give you two guesses.. But your only going to need one.. MM manipulation.. NITE does not deduct from his count.. For the CMF to rise this much on a steady healthy uptrend and then in one day it drops like rain from the sky indicates Manipulation...





Money Flow Index

The Money Flow Index (MFI) is an oscillator that uses both price and volume to measure buying and selling pressure. Once again we see the MFI on a climb toward the uptrend.. And just like the other two indicators.. In one day, it takes a significant nose dive.. Doesn't shorty have to cover for both ENTI and PTEL.

So with the candlestick, the overlays along with the Bollinger Bands indicated the chart was extremely bullish. There were even gaps in the chart for which Gaps can offer evidence that something important has happened to the fundamentals or the psychology of the crowd that accompanies this market movement.

That being said.. We see relationship in all the indicators with the

Accum/Dist, CMF and the MFI indicating a solid uptrend in the technical s as well as the Candlestick, the BB's, the overlays, combining all of it showing relationship of a very bullish chart ready to pop pending the fundamentals of the advertisement and MMX as a whole..

http://www.otcmarkets.com/stock/PTEL/short-sales

What do you know, Short sales are up 100%..