Hi fishoMC et alii,
I agree and IMHO so does the chart. There has been steady accumulation of RMG since the General Meeting on Monday. This accumulation started at the beginning of this month per the chart below. It will be interesting to see if this positive trend can hold up until RMG makes an announcement as to their future direction. Please see the chart below.
Disclosure: I hold and will continue to hold and accumulate.
This is Not financial advice....EODYOR&DD
Cheers,
Brantley
http://www.incrediblecharts.com/technical/on_balance_volume.htm
The OBV (On Balance Volume) continues to confirm the accumulation of RMG. A rising OBV confirms an up-trend.
http://www.incrediblecharts.com/technical/macd.htm
The MACD is positive and continues in it's upward trend. Go long when the MACD line crosses the signal line from below.
- Signals are far stronger if there is either:
- * a divergence on the MACD line; or
- * a large swing above
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volume builds again today, page-20
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