Posted On: 11/26/2013 11:56:27 PM
Post# of 2561
MRIN Daily Chart ~ A Double Bottom and a Pincher Play
I've been following the multi month decline on MRIN. A double bottom could have been established over the last three days. There is also to strong pinch in effect. That is the PPO and ADX near the top of the chart for those unfamiliar with the pincher formation. The FullSto and MACDs, along with most indicators, are in deeply oversold territory and might be primed from a reversal. I might have to try a few shares tomorrow. GLTA
I've been following the multi month decline on MRIN. A double bottom could have been established over the last three days. There is also to strong pinch in effect. That is the PPO and ADX near the top of the chart for those unfamiliar with the pincher formation. The FullSto and MACDs, along with most indicators, are in deeply oversold territory and might be primed from a reversal. I might have to try a few shares tomorrow. GLTA
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