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Sunday, April 23, 2017 6:29:45 PM
INMG for the beginners
At the bottom of the page is a chart to be used for reference regarding INMG's current status.
The ADX (14) indicator, which is the top indicator on the chart, shows its current momentum. You'll see the +DI (green line - good movement) and the -DI (red line - bad movement) in conjunction with the ADX (blue line for momentum). By referencing the momentum, you can see that its favorable in the sense that +DI is not only moving nicely along the line of momentum (approximately 50), but also causes the -DI to remain far below. This means that the stock is still very well liked, and is still fairly active.
The StochRSI indicator shows the rise and fall of a stock price. Looking at this indicator from April 14 forward shows a steady, swift increase in share price. After April 19, the price decreased to where it still remains above the 50 mark. This shows good stability, at least in the short term.
Lately, I've been placing special emphasis on the CMF (21) because this particular indicator shows buying and selling pressure. Comparing the CMF to the StochRSI, especially on April 11, shows an incredible increase in buying pressure which peaked on April 12. Since that date, the buying/selling pressure stabilized averaging around the 50 mark. Watching both indicators together shows much interest in this stock. The buying pressure is still relatively healthy.
Combine this with the latest PR on April 22, which SR provided, tells me that great things are still ahead. I'm expecting more buying power over the next several days.
I'm adding to my position tomorrow.
At the bottom of the page is a chart to be used for reference regarding INMG's current status.
The ADX (14) indicator, which is the top indicator on the chart, shows its current momentum. You'll see the +DI (green line - good movement) and the -DI (red line - bad movement) in conjunction with the ADX (blue line for momentum). By referencing the momentum, you can see that its favorable in the sense that +DI is not only moving nicely along the line of momentum (approximately 50), but also causes the -DI to remain far below. This means that the stock is still very well liked, and is still fairly active.
The StochRSI indicator shows the rise and fall of a stock price. Looking at this indicator from April 14 forward shows a steady, swift increase in share price. After April 19, the price decreased to where it still remains above the 50 mark. This shows good stability, at least in the short term.
Lately, I've been placing special emphasis on the CMF (21) because this particular indicator shows buying and selling pressure. Comparing the CMF to the StochRSI, especially on April 11, shows an incredible increase in buying pressure which peaked on April 12. Since that date, the buying/selling pressure stabilized averaging around the 50 mark. Watching both indicators together shows much interest in this stock. The buying pressure is still relatively healthy.
Combine this with the latest PR on April 22, which SR provided, tells me that great things are still ahead. I'm expecting more buying power over the next several days.
I'm adding to my position tomorrow.
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