Trading range for the next 5 or 6 trading days
Post# of 56323
Posted On: 07/24/2014 12:56:47 PM
Trading range for the next 5 or 6 trading days
.0476 - .0597 with resistance at .0577, note that CMF showing accumulation pattern continuing from back on May 20th. Also note that we have had four RSI spikes during this same period and MACD trended up. This tells you (or me anyway) that while PPS has dropped, indicators tell a different story, shares are being bought and held (accumulated)
Limited quantities of insider shares are being sold into the market and most of the current market action is day traders which can be expected to taper off as the BB become more restricted.
Also note that yesterdays inverted hammer saw the PPS low on the 200SMA and today's low was right on the lower BB. Parabolic SAR indicates an uptrend that began 7/1/14
.0476 - .0597 with resistance at .0577, note that CMF showing accumulation pattern continuing from back on May 20th. Also note that we have had four RSI spikes during this same period and MACD trended up. This tells you (or me anyway) that while PPS has dropped, indicators tell a different story, shares are being bought and held (accumulated)
Limited quantities of insider shares are being sold into the market and most of the current market action is day traders which can be expected to taper off as the BB become more restricted.
Also note that yesterdays inverted hammer saw the PPS low on the 200SMA and today's low was right on the lower BB. Parabolic SAR indicates an uptrend that began 7/1/14
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