A billion reasons to smile!, page-274

You can see in the attached chart that while the Aroon indicators have crossed possibly signalling a trend change, need confirmation next week. That volume spike is massive and will possibly attract a few TA followers, as well as closing above the 50 day ma.

The Arron indicator is composed of two lines. An up line which measures the number of periods since a High, and a down line which measures the number of periods since a Low.The indicator is typically applied to 25 periods of data, so the indicator is showing how many periods it has been since a 25-period high or low.When the Aroon Up is above the Aroon Down, it indicates bullish price behavior. When the Aroon Down is above the Aroon Up, it signals bearish price behavior.Crossovers of the two lines can signal trend changes. For example, when Aroon Up crosses above Aroon Down it may mean a new uptrend is starting.The indicator moves between zero and 100. A reading above 50 means that a high/low (whichever line is above 50) was seen within the last 12 periods.A reading below 50 means that the high/low was seen within the 13 periods.