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Re: Pandemonium post# 1615

Thursday, 05/24/2012 2:04:00 AM

Thursday, May 24, 2012 2:04:00 AM

Post# of 2301
Yes, thank you, I am aware. DHT closed below its 10 week simple moving average.
DHT is trading near its lower price channel band. This suggests that the stock price is low relative to the action over the last 14 week period.DHT closed below the trigger point for the Parabolic SAR and is currently registering a bearish signal. The current Significant Point, above which a reversal to the bullish side would occur, is 1.26.
The (OBV) presently offers a bearish signal. This is because the slope of the indicator is negative and suggests that there is a lack of buying interest.
The RSI, is currently at 19.43%, below the critical value of 30, which suggests that DHT is oversold. Although this does not necessarily mean that shares will rally, it is an indication that recent selling pressure is at a level that is not normally sustainable.
DHT's MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below 0, which suggests that the underlying moving averages are bearish.Williams %R which is currently at -96.68%, below the critical value of -80, DHT may be oversold. While this does not signal that shares will begin to rally, it is unlikely that selling pressure can continue at this level.

All my posts, are only My Opinion

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