nice and steady, page-13

Hi cfdsRus,

"I'm on the verge of quitting PDN"
Thought you might be interested. IMO only, please DYOR -

1 Bullish rising channel.

2 Failed breakout forms bullish ascending triangle.

3 "Negative Divergence in MACD - A Negative Divergence forms when the security advances or moves sideways, and the MACD declines. Negative Divergences are probably the least common of the three signals, but are usually the most reliable, and can warn of an impending peak."
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_average_conve

4 "Double Top (Reversal) - Decline from Peak: The subsequent decline from the second peak should witness an expansion in volume and/or an accelerated descent, perhaps marked with a gap or two. Such a decline shows that the forces of demand are weaker than supply and a support test is imminent.
Support Break: Even after trading down to support, the double top and trend reversal are still not complete. Breaking support from the lowest point between the peaks completes the double top. This too should occur with an increase in volume and/or an accelerated descent.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:double_top

5 "Bearish Moving Average Crossover - A Bearish Moving Average Crossover occurs when MACD declines below its 9-day EMA. Not only are these signals the most common, but they also produce the most false signals. As such, moving average crossovers should be confirmed with other signals to avoid whipsaws and false readings."
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_average_conve

Confirmation can be found when/if the SP breaks below $7.50, (double top reversal) &/or a "Bearish Centerline Crossover", (this occurs when MACD moves below zero and into negative territory), (will probably happen first IMO).

Regards
Chalea