The Daily Profit

[The Daily Profit]

If anyone was wondering, I've been taking a look at the technicals for SEEK and it's looking like it's starting to wind up a bit. I've only had about two months to work with because of the ticker change but it looks like we've come off of the high that was caused by the P&D when the company was still Elysium, trended downwards, cleared our low points to consolidate for a new base price support around .00185 while not breaking below either Bollinger Band or Keltner Channel extremities. The moving averages are simple, weighted, and exponential and are closing in on one another which is the signal for a consolidated price range. Also, if you take a look at the dotted blue lines coming off the top and slowly flattening out towards the bottoms, this is the Parabolic Stop-And-Reverse indicator and from the looks of it we are flattening off (or stopping) from selling at the .0017-.0019 price range on a downtrend which, in theory, should mean that we are due for a reversal upwards. Lastly, the momentum and strength indicators are showing that we are in the recovering range from the last price large price fall.

These of course, are my interpretations of the graph and data I'm using but I thought I'd share with you all. Here are two different looks at the graphs using a daily line indicator and a Green-Red candlestick type bar approach. The deviation used for the price point with the bands is .0003 from the average of .0019 giving us critical high and low points of .0022 and .0016 respectively and the time frame used was 1 month.




And the Bollinger Band and Keltner Channel perspective.




From the graph above, we can see that indicators point to sell if we happen to fall below .0016 again due to a break in support and the panic that ensues but, if price is to break the Keltner extremity high of .0020, indicators point to buy and upward movement. Also, on that upward trend, if PPS breaks through the second ceiling of the Bollinger extremity price .0022, indicators point to continued buying and renewed upward pressure.