AI
TDGI Daily Chart:
Well, looking at the chart, it looks poised for a possible run / breakout just based on where the chart is...
1. The stock is touching the top of the bollinger band...the band is currently tight and if continued buying pressure is applied to the stock the band will open and the stock will ride it up. (If it does not open, ie not enough buying interest, this will result in a headfake, and the stock will come back down or go sideways.)
2. MACD is starting to go green with the short term ave - the green - crossing above the red...now if this is not a "head fake" this is a very bullish indicator bc the macd is a "lagging" indicator...macd is still above 0, which is an indicator that the uptrend is still intact....
3. Full Stochastics are in the powerzone...now...for this to run, the stochastics will have to get "embedded" up here...I typically don't buy stocks when the stochastics are this high unless there is some sort of momentum to propel the other indicators north.
4. PPO is trying to turn green.
5. You are correct regarding the RSI...has some room to run...
6. Watch the 4 & 8 dma...as long as it continues to trade above those, it is bullish...otherwise, not...
7. Bottom Line: Some indicators are "hot" but some are "not." Keep an eye on the bands, the macd, and the 4 & 8dma.
Well, looking at the chart, it looks poised for a possible run / breakout just based on where the chart is...
1. The stock is touching the top of the bollinger band...the band is currently tight and if continued buying pressure is applied to the stock the band will open and the stock will ride it up. (If it does not open, ie not enough buying interest, this will result in a headfake, and the stock will come back down or go sideways.)
2. MACD is starting to go green with the short term ave - the green - crossing above the red...now if this is not a "head fake" this is a very bullish indicator bc the macd is a "lagging" indicator...macd is still above 0, which is an indicator that the uptrend is still intact....
3. Full Stochastics are in the powerzone...now...for this to run, the stochastics will have to get "embedded" up here...I typically don't buy stocks when the stochastics are this high unless there is some sort of momentum to propel the other indicators north.
4. PPO is trying to turn green.
5. You are correct regarding the RSI...has some room to run...
6. Watch the 4 & 8 dma...as long as it continues to trade above those, it is bullish...otherwise, not...
7. Bottom Line: Some indicators are "hot" but some are "not." Keep an eye on the bands, the macd, and the 4 & 8dma.
THERE IS ALWAYS ROOM AT THE TOP!
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