Fernhill Corporation (FERN)

[coconutgrove491]

RE: FERN and possible future pincher

This is the first step, known as the ‘Pattern Development’ period.

As the image below, the PPO slowly dropped towards the ADX line. At the same time, the ADX was rising towards to PPO. The combination of events makes it look as if the two lines are ‘Pinching’ together which is where the name “Pincher Play’ comes from.