TA based on 5 day chart/ MACD and CMF 5 Day Cha
Post# of 56323
Posted On: 05/11/2014 2:56:13 PM
TA based on 5 day chart/ MACD and CMF
5 Day Chart beginning 5/2/14, CMF(20) showing sudden accumulation occurred 5/2/2014 at 1424(PST) hours at .0032 to .4296. During this same time frame PPS generally traded up despite CMF at .0822 indicated down trending was occurring through 5/7/14 then again a second accumulation occurred on 5/7/14 @ 1407 hours at.3191 PPS .0866, hours followed by another selloff 5/7/to 5/9/14
MACD trigger crossover PPS .0835 to .0855 between 1440 – 1507 hours (PST) .0852 -.0836 followed by a second MACD trigger crossover .0842 -.0858 with Friday closing price above its previous days close.
With the MACD trigger crossover close to the end of Fridays trading, Monday is most likely to open up .0865 -.0870
Recently, news has basically supported PPS enough for the market to continue absorbing some of the 200+ million shares that became unrestricted in May. Note the past 5 days trading volumes have been relatively low. MM’s are (IMO) manipulating market liquidity to enable these shares to sell in the .0815 - .0874 range.
Unless significant news (licensing) occurs next week, It is likely to see PPS increasing Monday followed by a similar pattern of selling through the coming week.
5 Day Chart beginning 5/2/14, CMF(20) showing sudden accumulation occurred 5/2/2014 at 1424(PST) hours at .0032 to .4296. During this same time frame PPS generally traded up despite CMF at .0822 indicated down trending was occurring through 5/7/14 then again a second accumulation occurred on 5/7/14 @ 1407 hours at.3191 PPS .0866, hours followed by another selloff 5/7/to 5/9/14
MACD trigger crossover PPS .0835 to .0855 between 1440 – 1507 hours (PST) .0852 -.0836 followed by a second MACD trigger crossover .0842 -.0858 with Friday closing price above its previous days close.
With the MACD trigger crossover close to the end of Fridays trading, Monday is most likely to open up .0865 -.0870
Recently, news has basically supported PPS enough for the market to continue absorbing some of the 200+ million shares that became unrestricted in May. Note the past 5 days trading volumes have been relatively low. MM’s are (IMO) manipulating market liquidity to enable these shares to sell in the .0815 - .0874 range.
Unless significant news (licensing) occurs next week, It is likely to see PPS increasing Monday followed by a similar pattern of selling through the coming week.
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