Hmmmm ok, but not for a long while.
I'm not trying to be negative or run a stock down (man there's enough of that already), I'm just posting what the current daily chart is indicating in the short term.
With the current downtrend of both the SP and MACD unfortunately you're only going to see lower lows and lower highs UNTIL there is a reversal. Don't worry about the gaps, the gaps are nothing. I only posted them as an accurate guide for readers as it seems to be a hot topic. Sure gaps are small technical targets but seriously, they are minor league in the world of indicators. Don't ever think that because a gap closes that all of a sudden the SP is going to reverse.
Things to watch for to indicate an entry signal would be green candles closing above the yellow 8ema in combination of the 8ema wanting to cross the white bollie median. And on the lower chart we want to see the yellow crossing above the red and both turning upwards. All those indicators should occur simultaneously therefore easy to read. Let the technicals do the heavy lifting, not your emotions.
Cheers.
chart, page-120
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Price($) | Vol. | No. |
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