Tuesday, August 01, 2017 7:55:00 PM
RJDG 2 month daily chart
looks to me like there's a bull flag forming on this chart. it had a nice run up the pole from .01 to .201, and may have now found a new bottom here at .013. i'm suspecting this will consolidate and trade sideways on a slight up-ramp for the next week or two. the volume has tapered off, the momentum is dwindling towards zero, and the 5ma looks to be moving to cross below the 10ma. all of that suggests a pause before any run. i think this waits until the 20ma crosses over the 50ma, and at that point it could (or should) see a run back to .02.
looks to me like there's a bull flag forming on this chart. it had a nice run up the pole from .01 to .201, and may have now found a new bottom here at .013. i'm suspecting this will consolidate and trade sideways on a slight up-ramp for the next week or two. the volume has tapered off, the momentum is dwindling towards zero, and the 5ma looks to be moving to cross below the 10ma. all of that suggests a pause before any run. i think this waits until the 20ma crosses over the 50ma, and at that point it could (or should) see a run back to .02.
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