SDV 1.35% 37.5¢ scidev ltd

couple of indicators looking good

  1. 5,797 Posts.
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    The charts for INL are showing a couple of promising signs. The Volume Flow Indicator (VFI) has just crossed up through zero and is pointing sharply northwards. That's good.

    The ADX setup also looks good from a TA point of view, suggesting the start of an uptrend may be imminent. That's also good.

    The MACD has just crossed up through zero. That's good.

    Virtually all other indicators (and I have loads of them) are static, heading sideways, indecisive. Snoozin' and a-cruisin', as they say.

    So, which are the earlier predictors? Of the ones I mention above, the VFI is the one that has the potential to be the earliest predictor of a move to the upside, and that one is looking good.

    So - bottom line - I'm hanging onto my INL shares, and wouldn't be surprised to see them head upwards soon. The lack of volume, and the poor buy depth are a concern, but that VFI is what is keeping me in the stock at the moment.

    Time will tell ;)



 
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Last trade - 12.04pm 24/06/2024 (20 minute delay) ?
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