low volumes, page-23

So following on from yesterday.

Candlestick hammer formed today which is Bullish given the Bullish tri star you mentioned earlier Madmacs, cheers for the input.

Opened up 2c from yesterday @ 92c, Volume was 11.9M on a 2c spread closing up at 92.5c. High 93c, low 91c.

This is good as we did not see significant supply and the rise continued steady and controlled. ie It did not blow out leaving a GAP that must, according to some, be closed.

The MACD finished level with yesterday at -0.052 which would indicate that it has bottomed out on this cycle and should rise which is what we are after.

RSI continues to rise. - Shows strengthening trend.

%R has smashed the oversold level (80) to finish at 65.714 which is IMO very bullish, if it crosses 50 tomorrow then happy days as this sits in the overbought zone (20) in a strong uptrend.

This is a lead indicator and its screaming buy. In the gap up rises of the past months it has been dragged up quickly however this time it is moving in a nice curve, very controlled which is why I am thinking this may be the start of a strong uptrend.

Slow stoch has risen above oversold to 26.437 and is grrrroooving along nicely. Really want to see this crack 50 to confirm trend. %R does lead SSToch so this should happen.

Moving averages using 9,18,27 EMA shows the 9 day is rising up with the LT (18,27) flattening to reverse direction IMO.

The SP has just about hit it. This IMO is the key.

When that SP cracks the MA's then BAM the trend should be LT rising and confirmed.

Given all of the above right now IMO everything is saying this SP is going into a sustained uptrend.

Now I am not going to predict the price. It will increase again tomorrow IMO but what I really hope is that as it increases it continues as it has over the last few days. Nice and controlled leaving NO GAPS.

So for tomorrow I would like to see the indicators continue their rise and the SP crack the MA's.

All in all really nice, I reckon its going to go off.

Again feedback from TA gurus is welcome and appreciated.