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Sunday, September 16, 2012 9:24:28 AM
$CMGO CHART 09142012 W/P.SAR
Teaching moment: See previous post, SS1.
Friday we didn't subtract any shares from Float. Why? Suspect heavy shorting and flippers. Sure enough, appears to be the case.
But, the bright side is, they can't stop the momentum! Notice last 3 trading days and the location of dots on P.SAR. Finally getting a trend, upwards. Next week should validate this with further P.SAR dots below the price but steadily moving upwards.
Other indicators show upward trend to follow, RSI@63 inside 40-70 range, MACD showing upwards, CCI validating breakout, TRIX showing upward trend as well but it did show a little flattening.
Bolinger Bands are widening as well.
http://otcshortreport.com/cmgo
Teaching moment: See previous post, SS1.
Friday we didn't subtract any shares from Float. Why? Suspect heavy shorting and flippers. Sure enough, appears to be the case.
But, the bright side is, they can't stop the momentum! Notice last 3 trading days and the location of dots on P.SAR. Finally getting a trend, upwards. Next week should validate this with further P.SAR dots below the price but steadily moving upwards.
Other indicators show upward trend to follow, RSI@63 inside 40-70 range, MACD showing upwards, CCI validating breakout, TRIX showing upward trend as well but it did show a little flattening.
Bolinger Bands are widening as well.
http://otcshortreport.com/cmgo
