VMM - Charts, page-19

A couple of tea leaf reading dabbles, adjusted the angle of decay to be a but shallower in the possible bullflag. I guess you could also draw the bullflag a bit tighter with an attempted breakout. Anyway much sameness.



Volume dropping off beautifully, but basing at a higher level than previously is a positive. Supply appears to be drying up. MACD crossover not necessarily great but stochastic entering "oversold" levels, and the 20 SMA which the troll kept arguing it wouldn't drop much below is now siting at about 1.66 and still climbing rapidly, 1.7ish tomorrow and then it'll truly start to push up against the current price levels. Incidentally I actually agreed with the troll on the SMA20 being a likely good support just that I predicted it would rise much much much faster than the downramping chart the troll put up and I have been shown to be correct in at least the SMA20 coming up faster so far. Hopefully I am directionally correct about the next major move also.

Weebit more sideways drifting to let SMA20 catch up and overshoot give MACD a change to straighten out and the bollingers start to tighten a bit, then off we go again? I suspect if I'm roughly on target with the above that we will have slightly longer cooling off period thereafter. This said, all depends on news, not the chart for the next possible leg up, the chart is just the manifestation of peoples reaction to what is happening.


GLTA, get set, get r...

Oh, the above are just some guesswork from a chart numptie who's just having fun making thesis' >.<