Volume - Even though a little bit high, but history shows that similar volume quantity in the past does not have negative effect on the price.
ADX - Possible consolidation of pricing for the next few days as ADX going past 20. Look for possible crosing of +DI upwards for and positive trending.
MACD - Moving towards 0. Momentum starting to build up.
MFI - Above 50 shows more buying interest.
Conclusion :
Looks like this counter will continue it's upward trend. However it will have a short consolidation period before resuming any further upward move.
CALL : BUY when stochastics at oversold region
TARGET : 0.505
No comments:
Post a Comment