MFI shows accumulation began 4/17 @ .0675 pricing
Post# of 56324
Posted On: 04/20/2014 3:04:04 PM
MFI shows accumulation began 4/17 @ .0675 pricing and continued until close although.MACD is currently under -0- and 9 trigger on top is showing bears positioned for Mondays open. This is confirmed by SMA20 crossing under SMA50 at 1558 hours just before Thursdays close. Resistance .0806 tested 3 times Thursday will be resistance on Monday then support when broken .0844 then .0941 next likely target if volume exceeds 136 million.. Price action on Thursdays trading based on relatively low overall volume indicates pricing likely driven by MM's to stimulate new money to support sale of shares still entering the market. Shorts available showing 6,700,000 at https://www.interactivebrokers.com/en/index.p...mp;amref=1
Small volume trading Monday combined with shorting and shares still being sold into the market likely to create more opportunity for accumulation.Trendline support for closing Monday is .0784
Happy Easter to everyone
Small volume trading Monday combined with shorting and shares still being sold into the market likely to create more opportunity for accumulation.Trendline support for closing Monday is .0784
Happy Easter to everyone
(0)
(0)