Destiny Media Tech Inc (DSNY): CHART: Bollinger Bands are indicating: G...

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Destiny Media Tech Inc (DSNY)

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Friday, 01/10/2014 12:57:36 PM

Friday, January 10, 2014 12:57:36 PM

CHART: Bollinger Bands are indicating: Grossly Oversold

The same chart formation has happened twice for the last year. Last March down to $0.60 and by May the stock went to $0.95 and proceeded to $2.79 by August. The second time in last September - down to $1.60 and by October to $2.93. Both times the downturn has been very brief.

Interesting to see that with all this sell off Chakin Money Flow(CMF)is about to become positive. It was negative since last November. What it means is that the buying volume is much higher than the selling.

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