#M&MFin @137 | 20-May-20
- Double Top distribution was seen earlier (07 & 14 May)
- Then big fall with very low deliveries
- 19 & 20 May again resistance days with higher & lower wicks (again lower deliveries)
- BUT but but....... On hourly chart, MACD is a BUY....... the rally above 141 may face strong resistance at 153.
- So lets get the chart to show some clear direction first for an accumulation phase.
- Double Top distribution was seen earlier (07 & 14 May)
- Then big fall with very low deliveries
- 19 & 20 May again resistance days with higher & lower wicks (again lower deliveries)
- BUT but but....... On hourly chart, MACD is a BUY....... the rally above 141 may face strong resistance at 153.
- So lets get the chart to show some clear direction first for an accumulation phase.