Replies to post #105503 on Mike The Pike Productions Inc (fka MIKP)

[Nikodemos]

$MIKP Quick-Annotated CHARTS:









ADX (bottom indicator) has 3 lines: RED indicating selling pressure, GREEN indicating BUYING PRESSURE & the White = mean/avg trend.

The RED Selling Pressure indicator (known as AD- or ADX-) has broken down through the mean. If that continues $MIKP could climb: But only if the selling pressure DOES NOT increase. And of course the stock will need some buying pressure (DEMAND) to move it upwards as well.


Guess we'll see....



$MIKP




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