EGR 0.00% 8.0¢ ecograf limited

The Predicatble Squeeze, page-25

  1. 813 Posts.
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    Hello everyone.

    Interesting chart setup we have here! Chaiken Money Flow has crossed the 0-line a few days ago after starting to trend up since early November on low volume while trading in a tight range. This indicates a fund (or someone) has been accumulating which is very bullish. Couple that with the presence of bots and I would not be surprised with a gap up or a high volume day due to high frequency trading. MACD has also crossed over at the same time which is great. As I understand, there are some fundamental catalysts coming up soon, while the project is also fairly de-risked.
    All in all this is a very nice setup!
    Last edited by DaneTrainNZ: 10/12/16
 
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