recharged jervois starts its engine, page-62

The SP has been rising sharply on increased volume, however the CMF indicator (money flow) has been heading back to the zero line ever since the SP hit 25c. The CMF indicator is a complex calculation of the closing price in relation to the daily range (high/low). When the SP closes in the lower half of the daily range on rising volume, it's usually a sign of distribution. Also, the Stochastics were in over-bought territory (+80) and have only just turned down. A few long upper wicks and a couple of doji candlesticks last week suggests buyers are running out of steam and a pullback is likely.


AIMHO. DYOR. etc.