Posted On: 05/19/2014 3:07:20 PM
Post# of 56324
Food for thought. If you were a CEO that wanted to buy back shares and insiders had huge blocks for sale, would you wait for PPS to get driven down because of selling pressure then buy back on the cheap. hmmmm
Also, 5 day one minute chart (CMF) shows accumulation started back on 5/13/14 while MACD with no trigger crossover yet indicates selling pressure. This combination has large block sellers with accumulation going on. The bullish engulfing candle on 5/19 30 minute chart .0558 low is the number to watch for todays close. If close today is higher than .0558 then the bulls are starting to take control. This may take several days and we could see new lows but at least it does indicate bulls stepping back into the fight. Keep an eye on the close over or under .0558 for confirmation.
Also, 5 day one minute chart (CMF) shows accumulation started back on 5/13/14 while MACD with no trigger crossover yet indicates selling pressure. This combination has large block sellers with accumulation going on. The bullish engulfing candle on 5/19 30 minute chart .0558 low is the number to watch for todays close. If close today is higher than .0558 then the bulls are starting to take control. This may take several days and we could see new lows but at least it does indicate bulls stepping back into the fight. Keep an eye on the close over or under .0558 for confirmation.
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