Based off 247 votes on a Twitter Poll conducted by Sunny, MSMY won for a Technical Analysis blog packet for this week. Without further delay:
MSMY: The Huge Under the Radar Mover –What are The Technicals Telling Us?
MSMY is a stock I have not really payed attention to. It has seemed to move rapidly under the radar and noses of many. This makes MSMY that much more interesting. Why is everyone so quiet about this stock that has quietly moved from triple zeros to .0149? That is a huge gain thus far that has seemingly gone unnoticed –a gain similar to that of BYOC at this point. Should everyone buy this stock right now? I can’t answer a no or yes to that, but what I can do is look into the technical aspects to see if this stock is building long-term indicators to continue to be successful. To start off this discussion, as always, we will talk price channels.
Price Channels –6 Month Period :
.0001 – .0009 Shares Traded = 29,600,000 approx
.001 – .0099 Shares Traded = 218,500,000 approx
.01 – .02 Shares Traded = 20,920,000 approx
What this tells me about the price channels is that they are nowhere near fulfillment. Now, is this terrible/gloom/doom time? No, of course not, but definitely something everyone needs to be aware of if holding/buying MSMY. What is being shown is a tremendous amount of shares still needing to be traded between .01 – .02. Will this be the definite case? No –if all those shareholders with a .00 average continue to hold then the volume can remain low and it can climb. Remember, though, it is rare for that to happen. What happens when those .00 holders have large gains? They want to sell and secure those profits. These price channels are clearly showing that a strong base still needs to be built at .01+ as only 10% of the 218,000,000 shares from .00’s have most likely re-exchanged themselves above .01. Now let’s move on to other important indicators to show the long-term strength of this stock’s movement.
What we see, here, is a steady climb which perfectly coincides with the price channels in terms that most are holding/locking shares down and not selling them. Keeping this accum meter on a steady rise even on those red days will be key to maintaining this run. The accumulation meter I’m going to give a moderately bullish rating due to the earlier spikes and drops. Overall though, very strong.
This I really like to see –and I don’t see very often. The continued steady rise in this meter is probably why this unbalanced price channel hasn’t fully mattered. This volume has been balanced enough for this stock to maintain and uptrend itself for quite a while. This is definitely a very bullish indicator from our perspective.
ADX trend line is putting in a pretty solid approx 49 reading which is measured as a strong trend. This will be a key indicator to not only see continue to uptrend but break into those higher regarded categories. We are seeing the DMI+ (Green line) begin to move down. We will want to monitor that as it continues and be sure to maintain that above DMI- (Red line).
Chaikin Money Flow:
A new indicator, tonight, that I rarely do –Chaikin Money Flow (CMF). This indicator, essentially, helps us measure buy/sell pressure by moves into the positive or negative spectrum of the indicator. So let’s take a look at the MSMY CMF indicator.
What we see here is sell pressure starting to set in –showing the slow decrease towards the negative spectrum. This is not a surprise based off the price channels seen above. This is also reflecting the fact, to us, that many more shares need to be traded between .01 – .02.
MSMY has had an amazing run thus far. It has seemed to do it with little to zero attention as well, which could be a good sign for its future. More eyes = More Money Flow = More Uptrends. This, from our perspective, shows this stock needs one of two things: either more volume/money flow or the current shareholders need to really lock down their shares for larger gains to continue its uptrend further in the short-term. The price channels along with two other indicators supporting it brought us to this decision. Overall, MSMY is definitely a stock everyone in the OTC should have eyes on. It has made a tremendously impressive run thus far and if it can properly encompass their price channels (.01 – .02), it could continue.
Technical Analysis by Alex S; Owner/Founder
You can follow him on Twitter @SUNNYLAND24
Compiled/Proofread by Noëlle H; CTO/Site Administrator
You can follow her on Twitter @subliMINXal
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