Monday, July 02, 2012 1:52:26 PM
RSI has not crossed 50 yet.. CMI is not above 0 however it is in an uptrend with lower lows.. MACD has crossed signal line but not above 0, .015 is also the centerline on the bolinger bands.. not to mention all short term, medium term, and long term trends are all confined within the bolinger bands.. top band @.0166 which is equal to the 50dma. bottom band is .0128 which we bounced off of nicely in the recent price drop....
all of the indicators are showing potential and i can assure we are on a lot of radars here.... but the price action contained in the candles is what will trigger the buys.. we need the close above .015 to confirm a bullish breakout.. been bouncing off of the middle bolinger as resistance since the run in March, only slightly did we go above it for a few days..
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