Friday, April 04, 2008 1:29:31 PM
I'm not a chart guru, but...
looking at this chart, and checking out the explanation of the ADX, there's a nice indicator that RCCH may have bottomed...
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:average_directional_
"When ADX begins to weaken from above 40 and moves below 40, it is a sign that the current trend is losing strength and a trading range could develop."
"A buy signal occurs when +DI moves above -DI"
All IMHO, of course.
looking at this chart, and checking out the explanation of the ADX, there's a nice indicator that RCCH may have bottomed...
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:average_directional_
"When ADX begins to weaken from above 40 and moves below 40, it is a sign that the current trend is losing strength and a trading range could develop."
"A buy signal occurs when +DI moves above -DI"
All IMHO, of course.
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