I realise my settings and digits might not be the same as others but here is what I see on the Weekly.
This chart suggests that the share price is about to rise,and will break out of it's lengthy trading channel, for the lack of a more articulate sentence.
Shonan Trader
PS. For the newer HC members of our community, FYI below:
Bullish for Stocks/Commodities
- Falling US$
- Rising EURO vs. US$
- Rising Commodity Channel Index (CCI)
- Falling VIX
- XSO (Australian Small Ords Index – Often ahead of the trend)
Other Useful Links to help with some T/A Jargon:
Stochastic Oscillator (A.K.A. Stochastics. Stochs)
MACD
MACD and Stochastic Crossover
New York Advance/Decline Line
Commodity Channel Index (CCI)
