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Short term techs, page-31

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Kit67

7,727 Posts.

963

19/07/16

07:58

Post #: 18303128
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Originally posted by Falcon. ↑

Yeh noticed that :] but brushed it off due to that price gap.

Looking at this daily chart and holding that up line and with the MACD above zero (although made a negative divergence) wouldn't be selling but holding

and with the weekly MACD here about to hit zero (bearish)/breaks zero (bullish) so in this case due to the daily chart looking bullish. Last time this happened was *just* before consolidation (circled).

The monthly SS has crossed again so basically everything is *ready* again so again definitely not a time to be selling but holding and the first sign of trouble would be that up line failing, second that main down trend line also failing then lastly daily MACD falling below zero which by this time that weekly MACD would have bounced from zero too so gone bearish again but again all systems go for now :]

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Thanks Falcon. Much appreciated. Will be interesting to see if anyone is going to take on that 45 cent level.

EGO Price at posting: 45.0¢ Sentiment: Buy Disclosure: Held
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