Not there yet. Overall, No profit taking during th
Post# of 56323
Posted On: 07/19/2014 3:13:13 PM
Not there yet. Overall, No profit taking during the week of 7/14 has CMF showing continued accumulation although low volume and MACD on weekly chart does not show a trigger crossover indicating PPS may still reach SMA20 .0443 pricing (buy opportunity) if MM's aggressively start selling insider blocks. Note that Parabolic SAR does not show trend change yet so we may still see MMs selling next week into last weeks retail buying although I expect Mondays to reach .0677
A look at BB shows compression forming up with mid(20) at .0716 and .0973 up(2) with low(2) at .0443 on weekly chart. Best to pay particular attention to long candle wicks ( at bottom of candle) to indicate bulls over bears Also look for PPS moving above .0716 mid (20) as mid point BB confirmation.
A look at BB shows compression forming up with mid(20) at .0716 and .0973 up(2) with low(2) at .0443 on weekly chart. Best to pay particular attention to long candle wicks ( at bottom of candle) to indicate bulls over bears Also look for PPS moving above .0716 mid (20) as mid point BB confirmation.
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