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hdr chart... time to buy again ?? This chart on HDR shows some...

  1. 78 Posts.
    hdr chart... time to buy again ??
    This chart on HDR shows some positive trends in the recent price action

    A
    new low in the chart, new low in the MACD histogram, confirming down trend.

    B
    New low in the chart higher lower in the MACD early sign for aggresive traders that this may be setting up for a

    change in direction. More conservative traders would want to possibly wait for a third divergance

    O
    Higher price higher MACD in the June period confirming uptrend

    M
    New high in price, lower MACD indicating momentum change may be comming up. This proved to be correct

    H,F,G - Price goes outside Bands, these arent bollinger bands but a 9 period band with 3.5% either side. This

    contains the price action over 85% of the time. When the price breaks out of these as you can see its falls back into range



    2 Buy signals - Bullish Divergance in MACD and break out of bands


    PS Sabratooth, How excited are you about Gold in particular SBM..... I Like the Gold chart after last nights action

 
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