MEK is definitely not a pump and dump. They have been able to maintain the Sp rise without news, AND, against a daily falling gold price.
The SMA 200 is .049. EMA 200 .046. The last real test of 200 ma's was 12/4 when the EMA 200 failed.
Therefore it is interesting that on the daily running the Bollies, that the median bollie is also .046.
The Bollies on the daily have openned up with .058 now the upper. Since 18/7 the sp has stayed above the median bollie, constrained by the upper.
What is also interesting is that on the 5 minute (5 day), the lower bollie has dropped to .047. The median is .0495 and upper .052.
So in the words of Austin Powers, "what does it all mean Basil" ?
MEK seems to have strength around these levels against an adverse POG environment (currently, as BRICS meeting coming). .047/.046 support? Ability to move higher definitely on the daily.
Thoughts my friends?
Why is price moving up? Leaky ship?, page-22
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Mkt cap ! $168.3M | |||
| Open | High | Low | Value | Volume |
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