I actually think this is a strong hold. Biggest volume in a year by a long shot, obv up, macd crossed, above 0 and trending up, darvas box up, sma 50 rising sma 200 starting to lift, news catalysts on the way and lower bearish volume after bullish spike on the yearly.
looks like capping for accumulation over profit taking, in my view someone wants this and there isn't THAT much overhang considering we can churn 200 odd million in a day, plus that support will have to move up if she runs quick (which as we know is MLS's M.O).
I'm as frustrated at this as anyone but I think a catalyst plus volume we'll be off. Imo that volume spike from last week was eager hands setting positions (was too big to be day traders), happy to be proven wrong but I can't see a reason to exit right now.
what do you think Petertkd Am I on the money?
MLS Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
