Friday, February 15, 2013 10:59:23 AM
MWIP has only tested the upper resistance level once.......I pointed out on Wed that MJNA had double topped.....
Major Reversal pattern......Now MA(10) Support has Broke for MJNA the next Support is MA(20) @ 0.275.....
As you can see today MWIP is holding MA(10) so far and is confirming the BUY Signal.......
Having only tested upper resistance once MWIP should test it again before testing MA(10) support.......
The candlestick patterns need to be put in context of the bigger picture......yes, MJNA & MWIP formed the same pattern yesterday almost exactly, but they were @ different levels on their individual charts.........$$$
Learn to read Charts & Technical Analysis.....all are welcome....post your own charts & T/A & join the discussion
http://investorshub.advfn.com/$$$Ospreyeye-Charts-Technical-Analysis-&-Japanese-Candlestick-Patterns$$$-26060/
FEATURED ZenaTech, Inc. (NASDAQ: ZENA) Launchs IQ Nano Drone for Commercial Indoor Use • Oct 10, 2024 8:09 AM
FEATURED CBD Life Sciences Inc. (CBDL) Targets Alibaba as the Next Retail Giant for Wholesale Expansion of Top-Selling CBD Products • Oct 10, 2024 8:00 AM
Foremost Lithium Announces Option Agreement with Denison on 10 Uranium Projects Spanning over 330,000 Acres in the Athabasca Basin, Saskatchewan • FAT • Oct 10, 2024 5:51 AM
Element79 Gold Corp. Reports Significant Progress in Community Relations and Development Efforts in Chachas, Peru • ELEM • Oct 9, 2024 10:30 AM
Unitronix Corp Launches Share Buyback Initiative • UTRX • Oct 9, 2024 9:10 AM
BASANITE INDUSTRIES, LLC RECEIVES U.S. PATENT FOR ITS BASAFLEX™ BASALT FIBER COMPOSITE REBAR AND METHOD OF MANUFACTURING • BASA • Oct 9, 2024 7:30 AM