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Re: Judge Smails 40 post# 597574

Thursday, 06/01/2023 7:02:07 PM

Thursday, June 01, 2023 7:02:07 PM

Post# of 700650
June Monthly Candle is available. I know it's only 1 day, but the updated Monthly view is giving a few hints that Momentum has clearly shifted. We are definitely on our way. Check out the Slope (below Indicator) with the EMA. Only the 4th time in 12 years we have a 'Momentum shift' ~ I circled in Blue with the ole Blue Arrow. Sometimes it doesn't happen right away, but you can clearly see historically the monthly action that followed with Slop Crossing EMA.

Very Bottom is a unique Indicator: Chaikin Oscillator. From Google: "Technical analysts use the Chaikin oscillator to find directional trends in momentum" Can see 4 Year Resistance Line has broken.

And lastly, if you zoom in, sure does appear that price has started to break out of 4 Year Downtrend / Wedge. Let's see how this plays out. This stock has performed the ole 'Back Test' many many times on indicators and/or wedges. Will this Backtest again? Time will tell


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