31st Aug 2011–Pattern Study–MOToR city deep in the valley.

Ticker:

 

1. MOTR

 

Topic:

 

1. Lower and lower and lower ! Is it going to bounce back this time?

 

Lesson Learnt:

 

1. Intraday shows some sign of recovery with bullish cross of 20MA line and 50MA line and price stick on 20MA line.
2. Daily MACD shows that it is coming up from the central line.
3. We have a daily and weekly multiple bottom.
4. Weekly chart shows high volume of selling and high volume of buying the very next week. Does that mean bottom is in place?

 

Intraday Chart

Historical Chart