chart on mnm

I would like lex's view on MNM at the moment.


Would you look at declining volume with declining price a positive or negative??

I can see what you were saying that you would like to see sub 1 million days for the price to break the following day. I think we are starting to see that with the lower volumes in the last three trading days.

I would be interested on your view on volume here.

My view would be that if we saw volume expand over next few trading days this would confirm a bearish trend. Meaning volume would have to exceed 8 Mil plus to break on the 6th March 2012, with obviously a lower price.

The Slow Stoch turned positive however the MACD is still negative, with negative momentum...

Relative Strength broke its trend and is still trending down, hasn't moved up yet.

My volume oscillator hasn't broken its trend which is a positive sign- I am using Twiggs Money Flow.