chart, page-116

  1. 15,357 Posts.
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    im not on this it perplexes me to be honest but im not holding but as quick chart view to an on the fencer as some asked about accumulation

    there is pretty much zero accumulation going on in this stock at present the way i read it on charts but thats not to say a new cycle cant start but its at the end pretty much of a short term phase of about 60% recent distribution now

    if i were charting this i would look at an accumulation/distribution indicator maybe an RSI/rate of change and thats about it right now the ROC is down strongly (watch the zero which you are close to ) as is the RSI

    I cannot see an ascending triangle or anything even close to it but it looks to break out of a wedge one way or the other

    maybe you could counter trend it too much work for me as not a holder or watch higher highs and higher lows I dunno penny day trader stocks not best for that though and to be honest these hot at the moment penny stocks are not even really worth bothering with pitchforks fancy charts buy when everyone else is sell when they are or just hang on for the bigger picture if you believe there is one

    but I do see a stochastic about to cross and a moving average it may want to hit fairly near ?

 
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