Monday, October 29, 2018 11:12:42 PM
DMAN chart update
the recent uptrend is still in place. it bounced off both the 10ma, a technical test of the upline, and the 200ma, which had been the resistance, and closed just above the 5ma. this implies the possibility of a strong base with solid support on the slow line.
seen through the chiosc and a/d, there appears to be some accumulating going on. the cmf shows good pressure on the ask, and the momentum indicators -- ppo and macd -- are both showing continued strength. this could be getting ready for a bust out. definitely one to watch.
the recent uptrend is still in place. it bounced off both the 10ma, a technical test of the upline, and the 200ma, which had been the resistance, and closed just above the 5ma. this implies the possibility of a strong base with solid support on the slow line.
seen through the chiosc and a/d, there appears to be some accumulating going on. the cmf shows good pressure on the ask, and the momentum indicators -- ppo and macd -- are both showing continued strength. this could be getting ready for a bust out. definitely one to watch.
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