MLM Chart, page-10

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h00ts

30,156 Posts.

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19/04/18

15:35

Post #: 32561692
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Originally posted by h00ts ↑

On your chart there was a bit of buyer interest when it fell below the lower bollinger band - RSI was also heading down towards oversold territory - Nothing too much happening to get excited about at present - Hopefully the bottom is in but there is no apparent trend change as yet - As always increased volume will be the key .

on the chart below you can see it was getting close to putting in a full 100% fib retrace before it turned back up - the previous bounce failed at the 200 EMA - A possible falling wedge could come into to play but it needs a few more touches on the trend lines

hope this helps - good luck with it !

View attachment 1041196

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Thought I would update this chart -
Last time it hit 5.5c it proved to be a false break of the 200 day average - Is it different this time ?

MLM Price at posting: 5.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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MLM Chart, page-10

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