Thursday, August 9, 2012

MFlour EOD 9/8/12


Will MFlour be able to break past its barrier of 1.64? In my opinion, it needs to accumulate enough of volume in order to surpass this level which had failed to do so in the past one month. 

Today, we could see that it didnt managed to break thru that level as well, when it reached 1.64, within a couple of minutes it fell back lower to 1.63 and then 1.62. 

It closed above 1.60 lvl today and stayed at 1.62. How will it fare for tomorrow then?

Once it breaks above 1.64 barrier successfully, i suppose we would be able to see 1.70 soon!


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