Yes from the beginning of Nov, the MFI 21 (month-cycle) does show an uptrend. This is what I interpret as "quiet accumulation" given you can see the divergence from ChiOsc (Money Momentum) over the same period.
Since beginning Novemeber, the 2x MFI short-cycle (3 period) has been ever-so-gently pushing w/ a fair amount of CMF (high-end price) support. The expectation here is a pop-- just a matter of when.
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