chart, page-4

Hi rally

As you can see on the P&F chart we have had a clear break of the down-trendline. That's what we need to commence a new uptrend here,a few indicators gave the heads up prior to the break hence my entry based on technicals. The story is a good one and has been for years but for traders the trend is your friend. No point in having money tried up in a stock in a multi month downtrend when you have the opportunity to park your money in stocks making higher highs...uptrend :). The weekly MACD has followed the trend beautifully here as it does with many stocks (bottom chart). All about managing the trade now,and all in my opinion, Goodluck and have a good one.