Replies to post #11185 on DarioHealth Corp (DRIO)

[Smilin_B]

Now THATS proper and accurate technical analysis

[Phin]

I painted it back up. I usually don't like doing it since I think it skews the chart, but from watching the chart most of the day on Friday, the price was holding at .328 for some time then with 20 minutes left someone sold 7k at .292, a panic sell no doubt because at that low of a price what profit if any could be made, so I immediately painted it back up to .34 with 15 minutes left. Something has to be said that more panic selling didn't happen in the last 15 minutes.i guess because the spread was so wide bet. .292 and .34, no action occurred after my paint. But I only painted since I thought .292 would be misrepresentative of the days action, as I said .328 was the going price for the last few hours on Friday.
So I am not sure you can call the candle a paper tiger, since there was only one sell at .292 within the last hour or so, if that sell wouldn't have happened then I never would have painted and the price eod would have been .328, still a nice bullish candle.

[jimmenknee]

Money Flow Chart Update: "Give Us a Sine (Wave)-- Not a (Fake) High (Wave)"

Slight increase in volume w/ upward aligned money flow suggests the short term Money Flow up-cycle is back in play. Additionally, seller appeared to move up to .304 & took the afternoon off.

Money Flow TA 3 Cycle 3rd Time Charm?: Money MOMO (ChiOsc) ended up flat but maintained a green status-- afternoon buying hopeful. Both monthly (CMF 21) & short-term Retail (CMF 3) (#2 on chart) moving back towards stronger position above "power zone" (> .5). Short-term (MFI 3) and monthly "Smart" (read: manipulative) Money (MFI 21), albeit w/ a smaller grade, are aligned w/ CMF movement w/ MFI 21 closing in on the "signal line" (50). This is in a more favorable position (Green Rectangle/Purple Lines) than last time (Red Rectangle/Purple Lines). Could get 2-4 sessions positive movement from here (1-2 sessions to confirm).

% Volume (PVO) (#3 on chart) still lagging; but assuming buy volume is maintained we should get a positive 12/26 crossover within 3 sessions.

Raff Regression and Fibonacci Fan replotted based on Sep 9 top and Oct 9 bottom (Oct 8 for Fib Fan). Added Sine Wave w/ Reverse Split reset price as midpoint. Key price areas to watch: Fibonacci pivot support (S1) @ .434 and (S2) @ .307 (breached a 3rd time-- and more extensively -- today)-- sub-price points: .372 (Raff Regression) and .26 (Lower BB)