I've picked up SBL 4 consecutive times in a row with my support tracking scanner in excel. My excel sheet scans for 3 / 6 & 12 month support lines. It's still in a testing beta mode, but over the last 4 trading days SBL has been hitting the 6 month trend line.
Today the support line was hit once again and for the first time in 10 trading days has made a white candle.
I've included a chart
12 month trend line (pink) is the low of 22-July-10 touching the lows of early sep-10, today the 12month line is at 0.02223
6month trend line (green) is the low of 15-dec-10 toucing the low of 24-mar-11, today the trend line is at 0.02699 (same as today's low)
Today's volume (29,827,853) is the best in 4days, it has also beaten the average 3day(15,191,822), 5day(21,324,163), monthly(15,366,361), 3month(21,903,107), 6month(19,867,430) and 12month(13,961,366) volumes.
As a bonus, the slow stochastics have turned up and the MACD "might" have started to turn up.
Hope this was of help.
Mark![]()
I've picked up SBL 4 consecutive times in a row with my support...
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