Tuesday, November 28, 2017 1:57:29 PM
INMG 2 month daily chart
this the chart of a stock verging on a full breakout. with the beginning of the 20ma crossing over the 50ma, the 5/10/20/50 have all aligned fastest down to slowest. this, btw, is a necessary function of any sustainable run. when a stock runs it trades above the 5ma, and technical test are the bounces off of the 5 and 10. when the 5 crosses below the 10 it generally signifies a pause in the precedings.
there's lots to like here for the near term.
first off, the three bottom indicators on the chart show the direction of the shares. they are all headed northbound, and, just as importantly, the signal lines are also turning up. these are signs of accumulation.
secondly, the momentum indicators, ppo and macd, shows the speed by which this ascending.
and, lastly, the signal line of the ADX is coming off of a very low reading. this has the potential for a very strong run.
of course, time is alwsays the key variable in how players perceive a stock. for them it never runs fast enough. too bad! grousing is a waste of good bandwidth. in any case, though nothing is ever etched in stone, this is primed. its just a matter of building the support. at present there's not yet a lot of it ** note the use of the adverb YET **
my congrats to the accumulators and buyers under the breakout of .012. while this will hopefully use the 100ma at .014, your new support should be no less than somewhere around .013.
of course...
as always, other chartists may disagree.
best of trading to ALL
rich
this the chart of a stock verging on a full breakout. with the beginning of the 20ma crossing over the 50ma, the 5/10/20/50 have all aligned fastest down to slowest. this, btw, is a necessary function of any sustainable run. when a stock runs it trades above the 5ma, and technical test are the bounces off of the 5 and 10. when the 5 crosses below the 10 it generally signifies a pause in the precedings.
there's lots to like here for the near term.
first off, the three bottom indicators on the chart show the direction of the shares. they are all headed northbound, and, just as importantly, the signal lines are also turning up. these are signs of accumulation.
secondly, the momentum indicators, ppo and macd, shows the speed by which this ascending.
and, lastly, the signal line of the ADX is coming off of a very low reading. this has the potential for a very strong run.
of course, time is alwsays the key variable in how players perceive a stock. for them it never runs fast enough. too bad! grousing is a waste of good bandwidth. in any case, though nothing is ever etched in stone, this is primed. its just a matter of building the support. at present there's not yet a lot of it ** note the use of the adverb YET **
my congrats to the accumulators and buyers under the breakout of .012. while this will hopefully use the 100ma at .014, your new support should be no less than somewhere around .013.
of course...
as always, other chartists may disagree.
best of trading to ALL
rich
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