Evening slick, certainly looks good on your chart, but a little deceptive don't you think?
For others. slick uses a emaBB, to try to get ahead for entries and exits! Totally understand why and how etc. I understand the algo's behind the scenes creating these charts. Todays trade was interesting......seemed like a good day, but the trades tell otherwise. Even the volume was 'average/normal' for NEU. The candle printed today was a doji, indecisive! It needed to print another solid green candle. slick's chart has the candles on the inside of the BB's, this implies that it is still a buy and trending upwards. However, this is 'ema', not the normal sma ema (as per below). The candles have closed above the BB for 4 days now, which is normally a 'sell' or at a minimum 'watch and act' move. This is on all but no news too.
Volume has been in decline, RSI just approaching overbought, MACD doing ok. Room for one last pump up, but it needs a breather IMO.
So for me it is pay attention and not all so 'rosey' as painted. There is resistence at $15 too (another poster mention this too, not just me).
Please DYOR. TA, is a watch and act, FA is a buy without doubt (med-long term).
Enjoy your Aussie weekend!
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