Replies to post #12550 on $$$Ospreyeye: Charts, Technical Analysis & Japanes

[ospreyeye]

MCIG chart: checkout how MCIG rode between the Upper BB & MA(7) higher.......there was a MA(7) / MA(10) Bullish crossover on Nov. 20th.......nothing but Showtime until the dreaded Bearish Hammer that formed on Dec. 30th......the red hammer also formed Bearish Engulfing reversal pattern.....the huge red candle on the 31st confirmed the Sell signal........

MCIG quickly reversed course to start the New Year.......looks like "they" are walking it back up......should see a retest of 0.155 resistance........it MCIG can hold MA(20) & break MA's(7&10) 0.155 should get retested.......form candles above 0.155 & it's Showtime!.........$$$