OBV Update 4/1/2015.... Just for Fun! Applying Joe

OBV Update 4/1/2015.... Just for Fun! Applying Joe Granville's Technical Strategy of "On Balance Volume" to Marani Brands stock price..


On Balance Volume Data "Cumulative based on daily volume" - 2/16 through 4/1:
2/16 - 10,145,058
2/17 - 08,006,119
2/18 - 08,006,119
2/19 - 08,006,119
2/20 +04,756,548
2/23 +05,974,548
2/24 +05,974,441
2/25 +05,974,441
2/26 +00,000,000
2/27 +00,000,000
3/02 +03,725,850
3/03 +03,725,850
3/04 +03,725,850
3/05 +03,725,850
3/06 +10,514,515 ^
3/09 +10,514,515 ^
3/10 +10,514,515 ^
3/11 +10,514,515 ^
3/12 +10,514,515 ^
3/13 +10,514,515 ^
3/14 +10,514,515 ^
3/16 +10,514,515 ^
3/17 +09,556,812
3/18 +09,556,812
3/19 +09,556,812
3/20 +09,556,812
3/23 +11,520,162 ^ rising field trend (buy signal)
3/24 +15,938,772 ^
3/25 +15,938,772 ^
3/26 +19,340,821 ^
3/27 +27,962,683 ^
3/30 +28,772,788 ^
3/31 +26,448,888
4/01 +26,448,888

Observation: This OBV exercise is clearly showing that MRIB is in a rising field trend. Volume precedes price. On the current pps contraction, we need to not break the previous down movement that occurred on 3/20 of 9,556,812. If we hold that number and instead break the 3/30 cumulative OBV number of 28,772,788, it will once again confirm we are in a rising field trend. Although there was no change today with respect to daily on balance volume, buys at the ask were greater than selling at the bid, 842,997 to 360,747, thereby showing continued positive intraday accumulation.

Chewie

Note: My opinions in this posting are just that, "opinions." Please make your own investment decisions. Happy trading, and best of luck to you with achieving prosperity.