Hey guys, this VSA stuff looks very interesting, have to start learning it!
This is the last one on RRS for a while to complete the series:)
MACD is in bullish territory. The current bar has penetrated the parabolic SAR generating a bullish signal. The SP is above the linear regression value.. DMI is in bullish territory, as well as the TRIX.
Although, the price Oscillator is viewed as bearish. Rate of Change is in bearish territory, as well as Momentum. There are also a few indicators that are suggesting an overbought market condition.
I'm assuming there will be some profit taking as this latest gap at 0.31 fills, but nothing is 100% certain:)
The short term target was achieved today as the SP touched 36 cents with a 3 cent gap-up. Currently looking very strong for the LT outlook.
