BDC Charting

It'll be great to have a charting thread for BDC so i've taken the liberty to create one.

The SP has been trending within a downward channel but has pulled up recently and is looking to exit on the upside, yet to be confirmed. The SP is also looking to cross the 21 day EMA. The 21 day is a good setting in that it's a medium term setting and i find it to be the most accurate.

The lower indicators i use are represented in the lower half of the chart.

• Stochastic (21, 7, 7) - I find this has been able to identify the majority of the turning points with decent accuracy. It is now suggesting that we may be seeing a turn in sentiment and a buy signal generated.
• Chaikin Oscillator (5, 10) - The difference between the 5 and 10 day EMAs of the accumulation distribution line. It attempts to anticipate directional changes in the accumulation distribution line by measuring the momentum behind the movements themselves. What it suggests in this instance is that whilst the price has been down trending in a channel there has been a positive bias to buying. What we are seeing here is a bullish divergence with the Oscillator forming higher lows
• Chaikin Money Flow (21) - the volume-weighted average of accumulation and distribution over 21 days. The principle behind the chaikin money flow is the nearer the closing price is to the high, the more accumulation has taken place. From the low we are now approaching 0, that is a lower low into oversold zones, with the indicator diverging with a higher low and beginning to rise.

In general it would appear that we have been seeing a change in sentiment and a buy signal about to be generated.

Can i ask what your thoughts are @h00ts ?