Replies to post #13591 on Zion Oil & Gas Inc (ZNOG)

[TAB78]

Yeah that is nice to see the institutional numbers in green

[tothe]

ZN chart:~~ Moses, small retail selling to fill.rights.subscriptions are "manufacturing" a low volum retrace (StochRsi & AccumDist tanking). The Whales are buying though, see CMF trendline. This whole retrace is: LOW VOLUME, WAITING FOR NEWS and FILLING Rx RIGHTS SUBSCRIPTIONS ;-) I am really not concerned too much with the MMs as long as they fill bids, trading VOLUME STAYS LOW and the PPS meanders around with uncertainty.
--Possible new pattern forming!!!
chart thread post

* Double Bottom: use three week setup
http://thepatternsite.com/eadb.html

http://stockcharts.com/c-sc/sc?s=ZN&p=D&yr=0&mn=3&dy=0&i=p50115014919&a=578654283&r=1524525792577