chartwatch

CXY is starting to show some signs of life.

OBV and the analogous cumvol are strengthening while the 20d MA of the cumulative volume has popped out above the cumvol BBs for 4 of the last five days (gray blocks in third panel from top). Same volume pops also shown in pane four from top - blue line). The cumvol BBs are starting to spread, suggesting increased volume activity (panel four). The slope of the 20d MA of the cumulative volume is positive and strengthening (panel three).

We also have a reverse H&S (bottom) formation firming up (top panel).

So we have both volume and price-based indicators looking encouraging atm.


jmo dyor