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Re: stocktrademan post# 364337

Friday, 01/20/2017 11:01:41 PM

Friday, January 20, 2017 11:01:41 PM

Post# of 375420
Drawing trend lines on the accumulation distribution indicator is used to find turning points on the chart. We can see an example shown on this chart:



Now applying the same technique to GYOG we see that indeed the accumulation/distribution indicator has crossed above its trend line.

This is just one more key piece of evidence that suggests to me the bottom is in and the chart is resuming its uptrend.

An uptrend is basically made of higher highs with higher lows, so this certainly is starting to follow that definition.