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Strategies & Market Trends : Ted Warren's Investolator
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To: investolator2000 who wrote (990)3/26/2022 1:40:51 PM
From: WEagle   of 1798
 
I2,

ERF and CPG have both maintained their same upward slope since the start of each of their rises. But both have had significant increases in volume indicating that the public is buying. Has the smart money started to bail out -- I don't know. They may just be selling what is necessary to allow the public buyers to keep moving the price up.

MMLP spiked up slightly at the end of this week but so far the established uptrend (upper line of the channel) has not been significantly broken to the upside and volume has remained low. My guess is the smart money is not selling a lot yet and the public is just warming to the stock. And, of course, the upward slope is still pretty shallow, that is, the price movement is not into the fast markup yet. RSI on a weekly bar chart is at a level where it might be indicating some corrective pull back could happen at any time, but even it that does happen, I think there will be a higher high to come.

Much of the same remarks as I made about MMLP would also apply to ARC. Upward slope still constant and shallow. Volume is low indicating the public is not buying much just yet. RSI value (week bar chart) is not dangerously high but there has been a non-confirmation of the Jan. '22 high vs. the Sept. '21 high (Jan. high is higher than the Sept. high, but RSI is lower for the Jan. high than it was for the Sept. high).

This is just another 2 cents worth.

Happy Trades to You.

WEagle
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