23 Jul 2011

MHM Daily Charts 22/7/2011


50% pitchfork used in this chart (black). This lower pitchfork line and $1.2 horizontal resistance line forms an ascending triangle (bullish formation), and also note that 195EMA is at $1.0093 and it's still increasing, the share price should hold above 195EMA and today's trading pattern has confirmed this.

about 110k+ single sell order (unfilled order from yesterday) moved up to $1.07 from $1.03 expecting buyers to bid up, then another 100k sell order appear at $1.065 try to make that 110k+ seller to drop his/her order and that 100k seller can buy at lower price, and that seller did drop his/her order to $1.03 then the 100k seller gone afterwards. (my observation only)


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