Fundamentally I am using a weight of evidence. I cant predict unknowns, but I try to see how many technicals are in my favour and therfore providing me more favourable mathematical evidence that we have upward momentum
Some quick and easy signs are
Positive sign 1 - Closed above the 40 day MA of .1223
Positive sign 2 - 10day WMA about to move up through 10day MA
Positive sign 3 - Good clearance of lower 1SD bollinger on a 100 period of .1165
Positive sign 4 - RT kicker (5MA)at .76 moved through (20MA) .71 (This is awesome. positive RT kicker always an excellent algorithm and buy indicator, I never generally buy on a negative RT kicker unless I feel very confident of some other indicators)
Positive sign 5 - MACD moving off a bottom
Positive sign 6 - Good volume
Positve sign 7 - Relative timing (RT) algorithm moves above 1 = 1.12
Positve sign 8 - Detrended price oscillator (DPO) moves above 0 = 0.07
Positive sign 9 - The midas curve has flattended out with an MA(10) on a stop of .12
The only real technical negative I can see is that it is still below 200 day MA (but thats to be expected).
Am expecting the Midas curve to start moving up now) with the 10day MA on Stop price moving up through the 65day MA on Stop price. This is known as the midas touch or midas curve
Up Up and Away me hearties.
Time for a gold skull and crossbones!!!
Can we get to the sensible price of 25c or 30c
Fundamentally I am using a weight of evidence. I cant predict...
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