You check the chart again. From Dec 18 to Jan 10, the money flow is negative, but the stock price went up. Why because money flow trend is up.
You really need to learn more TA before you trade stocks. It is very dangerous to have half knowledge of TA, even worse than someone without TA knowledge at all.
Money Flow measures buying and selling pressure for a given period of time. A move into positive territory indicates buying pressure, while a move into negative territory indicates selling pressure.
Eric, what is the 20 period Chaiken Money Flow reading of CCME on Stockcharts.com? Positive or Negative?
You do not know how to read money flow, do you ?
The importance of money flow is the trend. Obviously, last Friday is the money flow trend reverse. That indicates the big players into CCME
With so many die hard shorting, without big players support, how could CCME price went up ?
Our ordinary investors are certainly no match to the hedge funds. Only big players can match with the hedge funds.
Also some of hedge funds are very possible changing the position from short to long too.
For ordinary shorts like you, be careful.
Not sure if shorts can continue mount attacks.
Now, shares are in stronger hands. Mutual funds and big players move in. Smart shorts have covered and probably went long. No one is going to defend dumb shorts. These dumb shorts have no match to mf, big players and short squeeze.