LMNX
LMNX was today's one and only breakout, and sure picked the right day to do it, as I ordinarily would not pay a wholelot of attention to a chart like this. On closer examination you see strong support at the bottom pivo pint, and look at the drop in the last 3 days and compare that to the price relative line. Wow.
2 comments:
The chart looks nice except for the increasing ATR and declining CMF.
Hi Michael;
The ATR might be excused for the increase in market volatility, and he CMF decline was also expected, but overall I agree and would not have suspected this was going to make this kind of move. I have been trying to find a way to scan for rising price relative lines, but the amount of data and calculations necessary would make it an all day prospect.
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