ABCW is trading below the 0.55 Significant Point that would trigger a reversal of the Parabolic SAR's current bearish indication.
The On Balance Volume indicator (OBV) shows that longer term accumulation has given way to near term selling pressure.
The RSI recently crossed above the critical value of 30, which indicates that the selling pressure has lessened and that the internal strength of ABCW has increased.
The ADX is below 20 which signifies that ABCW is not trending. Therefore the Bearish signal provided by the Directional Movement Index is not confirmed.
The Stochastic Oscillator is registering a strong bullish signal as the %K has crossed above the %D. In addition, the oscillator recently moved above the critical value of 20 suggesting that ABCW is no longer oversold
All my posts, are only My Opinion
