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Saturday, September 22, 2007 11:29:29 PM
HCPC Weekely Chart
The stock is in a downtrend. There are strong signs that it is attmepting to reverse out of that situation.
The Weekly Chart offers a clear view on the problem, and the opportunities that are presenting themselves..
We see
1./ 650MM in volume over five weeks, building as it goes.
2./ Fast TRIX turnaround and readying to cross the midpoint of it's Bollinger wrap, soon.
3. Sustained positive divergence of MACD, now getting ready to cross the neutral line.
4./ Continued Money Flow in since mid-August, now approaching a cross of the midpoint of its indicator boundaries (a kickout signal)
A pSAR cross and break is up for consideration on that chart which, if it happens, would change the chart formation into a reversal play.
The play is in its infancy. But, volume precedes price, and here it is growing quickly on a weekly basis, and money is flowing in. On top of that, MACD and Momentum indicators are diverging positively against a falling PPS, and have been for some time now.
On the annotated Daily Chart (see one post back on this thread above) a review of Money Flow is compelling. That indicator, Double MFI's with one Fast MFI superimposed over a Slow MFI (to highlight divergence issues), underlain by an MA or EMA and all wrapped up in a Bollinger Band, tells a story in itself. Look at how tight the Bollingers are, and what MFI is doing.
I suspect we are looking at the incubator of the breakout right in this single most important indicator. I have reattached that chart to this post, folowing hte Weekly Chart. Please scroll down for both.
What makes these plays tough is that they are triple zero plays, and must be approached with caution. But, a break of pSAR on the Weekly Chart and this becomes a different animal immediately. Risk and caution will be replaced with a certain exuberance, and the play will run for as long as they let it.
WEEKLY CHART
DAILY CHART
The stock is in a downtrend. There are strong signs that it is attmepting to reverse out of that situation.
The Weekly Chart offers a clear view on the problem, and the opportunities that are presenting themselves..
We see
1./ 650MM in volume over five weeks, building as it goes.
2./ Fast TRIX turnaround and readying to cross the midpoint of it's Bollinger wrap, soon.
3. Sustained positive divergence of MACD, now getting ready to cross the neutral line.
4./ Continued Money Flow in since mid-August, now approaching a cross of the midpoint of its indicator boundaries (a kickout signal)
A pSAR cross and break is up for consideration on that chart which, if it happens, would change the chart formation into a reversal play.
The play is in its infancy. But, volume precedes price, and here it is growing quickly on a weekly basis, and money is flowing in. On top of that, MACD and Momentum indicators are diverging positively against a falling PPS, and have been for some time now.
On the annotated Daily Chart (see one post back on this thread above) a review of Money Flow is compelling. That indicator, Double MFI's with one Fast MFI superimposed over a Slow MFI (to highlight divergence issues), underlain by an MA or EMA and all wrapped up in a Bollinger Band, tells a story in itself. Look at how tight the Bollingers are, and what MFI is doing.
I suspect we are looking at the incubator of the breakout right in this single most important indicator. I have reattached that chart to this post, folowing hte Weekly Chart. Please scroll down for both.
What makes these plays tough is that they are triple zero plays, and must be approached with caution. But, a break of pSAR on the Weekly Chart and this becomes a different animal immediately. Risk and caution will be replaced with a certain exuberance, and the play will run for as long as they let it.
WEEKLY CHART
DAILY CHART
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