Saturday, June 08, 2013 2:09:51 PM
some interesting points to note. price aside, Friday was a good day on the chart.
CMF getting better. we can expect some pressure on the ask.
Accum/dist and Chiosc moving up, and doing so with some strength.
Stochs holding steady, implying buyers equaling the seller(s)
Momentum indicators -- ppo, macd -- also holding steady, and doing so in a downtrend.
and lastly, looks like a hammer candlestick at the bottom; a very strong indicator of a reversal.
putting on my thinking cap -- obviously my mind is so clouded i need all the help i can get -- it looks to me like MMs sold inventory. maybe even cleaned it out, and if so, it would be in preparation for the next move, which should be up not down.
looking in my ever misty crystal ball, i see a run coming soon -- prolly this week. resistance is at .0011 and .0014. bid break of .0015 and we should see .002 to .0024.
time will tell.
best to you and ALL
rich
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM
