Encounter Development Technologies Inc. (ENTI)

[illflyifyoubuy]

ENTI CHART ANALYSIS


CANDLESTICK

The Short White Candlestick represents relatively weak buying pressure with little price movement. The Short White Candlestick signals consolidation.

The Short White Candlestick is not reliable since it is a single candlestick pattern. Only one day’s trading is reflected in this pattern. It may show continuation of the trend as well as reversal. Other neighboring patterns must be taken into consideration for a healthier decision regarding the status of the trend.


GOLDEN CROSS

The golden cross is a chart pattern created when a shorter term moving average was below a longer term moving average, but it crosses above that moving average. This is typically seen as a bullish signal.

The golden cross is mostly used with longer term moving averages. It's an especially strong signal when the 50 day moving average crosses above the 200 day moving average. And with today's short white candlestick that had a nice effect on the indicators is also showing effect on the 50MA as it is starting to churn back north as indicated on the chart and with the trend starting to head north, we can deem that the 50MA is heading back toward the 200MA which once the 50MA crosses over will deem the overlays a BULLISH GOLDEN CROSS...




Bollinger Bands

Bollinger bands help you to evaluate a stock’s volatility over time. When plotting Bollinger bands on a chart will see one line above and one line below the price chart of the stock. When a stock is making major price movements or is very volatile its Bollinger bands will be farther away (expand) from the stock’s price chart. When a stock is moving steadily with minor price movements, the Bollinger bands will be closer to (contract upon) the stock’s price chart. With that, we can see the upper band break it's downtrend since the beginning of June and with indicates a new trend is in the making.. We now wait for the lower band to contract together meeting close with the upper band for a Bullish Bollinger band squeeze. Great indication with the upper band thus far.





Relative Strength Index (RSI)

(RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. RSI is considered overbought when above 70 and oversold when below 30. Signals can also be generated by looking for divergences, failure swings and centerline crossovers. RSI can also be used to identify the general trend. Currently the RSI indicates that it is not overbought nor oversold. The RSI has shifted it's pattern to the uptrend as it nears the 50 barrier indicating a the trend of a upward trend taking place.

Moving Average Convergence-Divergence (MACD)

MACD turns two trend-following indicators, moving averages, into a momentum oscillator by subtracting the longer moving average from the shorter moving average. MACD is all about the convergence and divergence of the two moving averages. Convergence occurs when the moving averages move towards each other. Divergence occurs when the moving averages move away from each other. The shorter moving average (12-day) is faster and responsible for most MACD movement. The longer moving average (26-day) is slower and less reactive to price changes in the underlying security.

MACD fluctuates above and below the zero line as the moving averages converge, cross and diverge. Traders can look for signal line crossovers, center line crossovers and divergences to generate signals. And as we can see, the short term 12 crossed over it's longer term counterpart the 26 day which is deemed bullish back in the third week of June. Fast forward to the present, we see the MACD 12 bounce of it's negative counterpart the MACD 26 after today's session as it rest @ - 0.00004. 4 notches away from a Bullish center-line crossover into positive territory.. and based off the relation ship to the RSI which show's the general trend. We can conclude that the MACD will show continuous uptrend until that center line crossover is met.[/b


Accumulation Distribution Line

The Accumulation Distribution Line is a volume-based indicator designed to measure the cumulative flow of money into and out of a security. And as we can see ENTI has had a sustained uptrend since the beginning of July with money flowing in and staying in; in the Accum/Dist indicator which measures the cumulative flow of money into ENTI. Accumulation was indicated after today's news and shows it will continue to do so based off the relationships of the other indicators..


EVERYTHING FROM THE CANDLESTICK, TO THE BOLLINGER BANDS, TO THE OVERLAYS, TO THE INDICATORS ALL SHOW A RELATIONSHIP WITH ONE ANOTHER FOR WHICH WE CAN DEEM THE CHART BULLISH.. AND WITH THE NEWS TODAY AND FORWARD LOOKING NEWS, THAT TOO SHOW'S RELATIONSHIP IN THE FORM OF A CONNECTION WITH THE FUNDAMENTALS AND THE TECHNICALS..