Tuesday, June 14, 2011 8:51:23 PM
Looking for some opinions on this chart, been asking around for a bit on it. I will post what I posted on the board for this stock (CBJG).
Not sure if it means anything with this stock but the MA50 crossed over the MA200 yesterday. The RSI is way down, the accumulation is up long term (positive divergence with a steady decline in PPS), and many other indicators have shown bottom.
Been watching this by the chart analysis for a while, but there just does not seem to be enough volume to base different analysis off of correctly.
Anyway, there are
RSI: Way under, not much room to go lower if any, ready to move up.
MACD: Under as well, could go lower
Accumulation Distribution: Check out this indicator long term as that is what is is best for. A long term uptrend in accumulation paired with a long term steady decline in PPS is extremely bullish according to numerous technical analysis websites.
Moving Average: The 50 day moving average has just crossed OVER the 200 day moving average. This is considered a bullish crossover.
ADX: Has about had its low as well and is ready for reversal
Many of you also use other indicators. The ones above are the ones most familiar with to me. If these indicators were on a stock that had current volume, in my opinion it would soar.
So many technical analysis alarms are going off on this ticker, but without volume, there isnt much one can do.
Not sure if it means anything with this stock but the MA50 crossed over the MA200 yesterday. The RSI is way down, the accumulation is up long term (positive divergence with a steady decline in PPS), and many other indicators have shown bottom.
Been watching this by the chart analysis for a while, but there just does not seem to be enough volume to base different analysis off of correctly.
Anyway, there are
RSI: Way under, not much room to go lower if any, ready to move up.
MACD: Under as well, could go lower
Accumulation Distribution: Check out this indicator long term as that is what is is best for. A long term uptrend in accumulation paired with a long term steady decline in PPS is extremely bullish according to numerous technical analysis websites.
Moving Average: The 50 day moving average has just crossed OVER the 200 day moving average. This is considered a bullish crossover.
ADX: Has about had its low as well and is ready for reversal
Many of you also use other indicators. The ones above are the ones most familiar with to me. If these indicators were on a stock that had current volume, in my opinion it would soar.
So many technical analysis alarms are going off on this ticker, but without volume, there isnt much one can do.
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