AI
Friday, November 06, 2009 1:17:39 PM
Re: UNG - Weekly, daily, 60-minute Charts:
Hi, The Profit Taker!
I added $UNG on stockcharts.com's public list seveeral months ago ... You are welcome to look at the weekly, daily and 60-minute views (see below and this link: http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2140281 )at your leisure.
Technically speaking, it seems that each timeframe remains still predominantly bearish.
The 36-month, weekly has all the features of a bearish stock for now. The RSI double-topped at/below 40-level recently corresponding to severe resistance at about $12.22. All secondary indicators also remain bearish in this weekly view, where ADX gives impetus to its (-)DI, and institutional interest remains on the sell side.
The 12-month, daily view may indicate some weak positive divergences, but the directional trend remains predominantly bearish. Some faint positive divergences are seen in the CCI, but it fails to provide a buy signal as it squats persistantly < -100. At the time of this writing, the only institutional trend reversal (i.e.: breaking over its 21-EMA line) is the ChiOs, which may reflect speculative players (i.e.: MM's), rather than retail or registered shareholders, whose trends remain on the sell side (using Mary Kay Austin "MKA" interpretation of OBV, A/D line and ChiOs).
The 2-month, 60-minute chart is making the case for the most recent and predominant directional trends: bearish. Looking at the price's 5,9,21-EMA's in this 60-minute timeframe, they have remained lined-up bearishly, where the 9-EMA has provided the most frequent resistance, followed by the 21-EMA. Until these lines remain bearishly reversed, the outlook remains predominantly bearish (assuming that this 60-minute timeframe would provide the earliest inkling of a reversal trend, which would still remain to be proven on a daily chart, IMHO).
OVERALL - Bearish, IMHO.
UNG - 36-Mo., Weekly Chart:
UNG - 12-Mo., Daily
UNG - 2-Mo., 60-Min. Chart:
As indicated above, these charts are publicly listed on this list:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2140281
- Dalcindo
Hi, The Profit Taker!
I added $UNG on stockcharts.com's public list seveeral months ago ... You are welcome to look at the weekly, daily and 60-minute views (see below and this link: http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2140281 )at your leisure.
Technically speaking, it seems that each timeframe remains still predominantly bearish.
The 36-month, weekly has all the features of a bearish stock for now. The RSI double-topped at/below 40-level recently corresponding to severe resistance at about $12.22. All secondary indicators also remain bearish in this weekly view, where ADX gives impetus to its (-)DI, and institutional interest remains on the sell side.
The 12-month, daily view may indicate some weak positive divergences, but the directional trend remains predominantly bearish. Some faint positive divergences are seen in the CCI, but it fails to provide a buy signal as it squats persistantly < -100. At the time of this writing, the only institutional trend reversal (i.e.: breaking over its 21-EMA line) is the ChiOs, which may reflect speculative players (i.e.: MM's), rather than retail or registered shareholders, whose trends remain on the sell side (using Mary Kay Austin "MKA" interpretation of OBV, A/D line and ChiOs).
The 2-month, 60-minute chart is making the case for the most recent and predominant directional trends: bearish. Looking at the price's 5,9,21-EMA's in this 60-minute timeframe, they have remained lined-up bearishly, where the 9-EMA has provided the most frequent resistance, followed by the 21-EMA. Until these lines remain bearishly reversed, the outlook remains predominantly bearish (assuming that this 60-minute timeframe would provide the earliest inkling of a reversal trend, which would still remain to be proven on a daily chart, IMHO).
OVERALL - Bearish, IMHO.
UNG - 36-Mo., Weekly Chart:
UNG - 12-Mo., Daily
UNG - 2-Mo., 60-Min. Chart:
As indicated above, these charts are publicly listed on this list:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2140281
- Dalcindo
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