Tuesday, January 23, 2018

ASL Marine

Weekly Chart


Price 0.12
Weekly Volume 0.36M

  • A long (multi-year) basing pattern after a big down trend. 
  • Bullish divergence between between price and my favorite accumulation indicator, Twiggs Money Flow (TMF).
  • A recent cross above the 0% line on TMF – experience has shown me this is often hints a move is imminent (and divergence that occurs without a cross above zero often amounts to nothing).
  • Very little interest in the stocks – typical weekly volume levels are very low.






Daily Chart

Price 0.12
Daily Volume 0.08M
  • A long (multi-year) basing pattern after a big down trend. 
  • Bullish divergence between between price and my favorite accumulation indicator, Twiggs Money Flow (TMF).
  • A recent cross above the 0% line on TMF – experience has shown me this is often hints a move is imminent (and divergence that occurs without a cross above zero often amounts to nothing).
  • Very little interest in the stocks – typical weekly volume levels are very low.


No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...