Replies to post #196337 on Mike Lindell Media Corp (MLMC)

[mngtplayer]

The charts sure do mean something, that is if you know how to read them. History does repeat itself and charts will give you a snapshot of this so as to hopefully not to get caught in a downtrending situation. The more you know, the more confidence you will have after you make the plunge into any stock. Just look at SLS. Investwize999 was pumping the heck out of that thing when it was trading in the .80 range. I analyzed the charts and decided not to get in just because of all the good news that the company was pumping out. And look at it no. It's trading at about .27. Is now the time to get in. NO, because the chart still looks horrible. I think that company is duluting because the volume very solid and the CMF and Accum/dist suck!

[Magui273]

xanadu - I understand your perspective but you are missing a critical point. Do you think money managers watch technicals? Of course they do. Whenever a stock reaches a resistance level, money managers will do two things: push it ahead or drop it back down.

So, if we cross 50 RSI, that means MM have changed there think and may let your PPS finally rise. This may happen in conjunction with good news.