Hi Folks
Weekly charts are running strong with positive MACD stoch's and RSI positive.
For Three weeks the weekly HI-lo have been trading entirely above the 10WMA (Bullish) and the 10WMA has started moving upwards ( whats not like to watch).
We have had four consecutive weekly rising green candle and I think that we are about due for a profit taking red candle at sometime in the coming weeks. I don't like weekly charts just going up without a pullback and there are some daily gaps that could/should be filled. We shall see.
Just the way6 I deal with the markets so that I am not surprised by what plays out , as always DYOR.
cheers Lies
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