Posted On: 08/04/2014 2:14:25 PM
Post# of 56324
Watch for T trades at the end of the day, may also see a rally late afternoon.
Note that CMF (accumulation) peaks 6/18 and 8/4 that the 6/18 accumulation occurred after heavy selling and the 8/4 accumulation peak is based on mostly strong buy activity. Overall, this indicates (at least to me) that today's price action is a temporary pullback with the .0568 50SMA support being tested by mostly day traders. IMO,This week could see an EMA100 bounce to.0592 and beyond to test the 100SMA .0679
MACD continues rising with a trigger crossover and RSI is high however based on the above, today IMO is a good opportunity to pick up shares as momentum continues building for this company.
Note that CMF (accumulation) peaks 6/18 and 8/4 that the 6/18 accumulation occurred after heavy selling and the 8/4 accumulation peak is based on mostly strong buy activity. Overall, this indicates (at least to me) that today's price action is a temporary pullback with the .0568 50SMA support being tested by mostly day traders. IMO,This week could see an EMA100 bounce to.0592 and beyond to test the 100SMA .0679
MACD continues rising with a trigger crossover and RSI is high however based on the above, today IMO is a good opportunity to pick up shares as momentum continues building for this company.
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