Chart with Donchian Channels 55 day (black lines) and 10 day (red lines). Top lines are the highs for the period. Bottom lines are the lows for the period. Where the top line is only black it means 10 day high = 55 day high - bullish. The middle lines are is the mid point of the high and low. Notice the classic step up uptrend of the longer term 55 day highs and lows. Just what the text books tell you to look for. Notice how during the longer term uptrend the share price has fallen below 10 day Donchian mid line and provided some great trade opportunities. Notice how the SP is currently trading above the mid line of both the 10 day and 55 day. In bullish territory. Notice how the 10 day high = 55 day high at the moment. Bullish. Notice how the SP is trying to break out into new 10 day and 55 day highs. Notice how there is not a lot wrong with this stock ATM. All good so far. No predictions from me.
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