Hi friends,While prices have been steadily dropping for VMG in...

Hi friends,

While prices have been steadily dropping for VMG in the past few weeks, I've been tracking the Chaikin Money Flow indicator for VMG which shows the movement of the flow of money into and out of VMG.

As you can see from the simple chart below, while the price of VMG was dropping, there is a general uptrend movement in the money flow, and forming what is called a positive divergence between price and the Chaikin Money Flow Indicator.

Technically, the price will resolve in the direction of the Money Flow Indicator, and we are awaiting this to occur which is expected to be soon.

At the same time, while the price dropped, there were formed two gaps in price as marked on the chart. These gaps are seeking to be filled when price rebound in the recovery.
The upper gap is priced at 0.235



May the best prices be yours. Cheers!

dascore