Posted On: 01/10/2016 11:20:01 AM
Post# of 2561
MINE Daily Chart ~ Double Top in Place
I was asked to share a chart on MINE and my thoughts. As I mentioned a couple of weeks ago, I decided to move on, along with others, and sold. At the end of December, it appeared there was a possible breakout coming of the previous top of .05. But with persistent rumors of yet another convertible note conversion nearing, I didn't want to watch some nice gains disappear. The .049 price hit last week can now be classified as a double top as can be seen on my chart below. With the FullSto falling and the MACDs failing to get past their zero lines, MINE could very easily retest the lows of .0029 seen in December. Should that level not hold, then the .001s would be the next support level. Unless someone else would like an update on MINE again, I won't be posting one until the chart resets allowing us another opportunity to re-enter. GLTA
I was asked to share a chart on MINE and my thoughts. As I mentioned a couple of weeks ago, I decided to move on, along with others, and sold. At the end of December, it appeared there was a possible breakout coming of the previous top of .05. But with persistent rumors of yet another convertible note conversion nearing, I didn't want to watch some nice gains disappear. The .049 price hit last week can now be classified as a double top as can be seen on my chart below. With the FullSto falling and the MACDs failing to get past their zero lines, MINE could very easily retest the lows of .0029 seen in December. Should that level not hold, then the .001s would be the next support level. Unless someone else would like an update on MINE again, I won't be posting one until the chart resets allowing us another opportunity to re-enter. GLTA
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