EGR 8.00% 11.5¢ ecograf limited

White Candlesticks, page-2

  1. 10,916 Posts.
    lightbulb Created with Sketch. 1749
    I don't have time to MS Paint up a chart, but..

    Here's what I like:
    Ultimate Oscillator crossing up, tends to show reversal.
    MACD crossing upwards at about 0. Histogram heading up.
    OBV creeping back up.
    SMA50>SMA100>SMA200
    DMI+ above DMI- with ADX line heading up
    RSI just crossed up over 50. Exhibiting higher high, recently, and higher lows for many months now.
    Yesterday's hammer on month-high volumes
    SMA 50/100 holding support

    Not so keen on:
    Slow stochastic crossing down (albeit fast looks like it's not going to cross, perhaps!)

    So, in my view the chart looks in reasonably good shape, would be nice to see that big white candle and set the indicators on fire.
 
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