1D. ADX still in a very strong trend (57.8) however, there is growing strength with the bearish directional movement.
Wave trend still showing the stock to be at overbought levels. RSI showing bearishness, with a downward release just occurring.
MACD seemingly wanting to convert into a negative state.
The Chaikin is still negative but neither drastically dropping nor rising.
Volume flow showing a supply release at these levels.
Two anchored VWAP: The first starting at the bullish trend is at 11c, with the second at 14c.
As stated prior I believe optimal entry at 14-14.5c or below.
MMAR still in a bullish state.
Will wait till RSI and MACD start their bounce with volume to support the rise.
Support levels at 15c-14.5c, an curious to see if they'll hold true.
With a run of 1000%, I'm sure some of the millionaires this stock have minted would rather the cash (large supply releases at 17c-> 15.5c), with potential future millionaires absorbing a large quantum of shares through the current drop although yet to be seen if they can stunt the seller supply release.
As always this is my own speculation, please DYOR
Wave trend still showing the stock to be at overbought levels. RSI showing bearishness, with a downward release just occurring.
MACD seemingly wanting to convert into a negative state.
The Chaikin is still negative but neither drastically dropping nor rising.
Volume flow showing a supply release at these levels.
Two anchored VWAP: The first starting at the bullish trend is at 11c, with the second at 14c.
As stated prior I believe optimal entry at 14-14.5c or below.
MMAR still in a bullish state.
Will wait till RSI and MACD start their bounce with volume to support the rise.
Support levels at 15c-14.5c, an curious to see if they'll hold true.
With a run of 1000%, I'm sure some of the millionaires this stock have minted would rather the cash (large supply releases at 17c-> 15.5c), with potential future millionaires absorbing a large quantum of shares through the current drop although yet to be seen if they can stunt the seller supply release.
As always this is my own speculation, please DYOR