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Frank0051

05/15/13 10:28 PM

#2587 RE: DreamGreen #2585

So, we've already broke the top bollie band. Theortically the top bollie band of 004 now becomes the support with 003 being the floor. The median price channel line is also now at 004 as is the median KELT line, so again that should act as a support for a bit of time. The top line price channel is at 005. The Ichimoku Clouds shows that 004 is probably going to be the support for a little while too.

As far as a breakout, there is nothing that really signals to me that this is ready for a breakout. The RSI is middling, as is the MACD. The price channel has remained narrow as has the bollie bands. The slow stollies were tight up until today and then they spread out - which mean the run has already probably happened this go around. The money flow index is getting ready to green bag it, which means it's probably topped out for this go-around and is slightly overbought, so we'll have to retrench. The force index is really the only positive this I see here - if it keeps up the momentum, it could create some nice MOMO to break through all the technical indicators - but you're going to have a tough time convincing the pros that have the money to move this to actually buy in with all the other middle-of-the-road indicators. On the other positive side, accumulation picked up today, which basically means all the volume was driven by buyers today rather than sellers - so that's nice.