Monday, March 04, 2013 12:17:38 PM
STEM Chart......Bullish Engulfing reversal pattern forming today.......
There's still a gap to fill down to HOD on the 11th(1.67)......STEM is bouncing after 8 days down or flat.....
Looking to turn MA(50) @ 1.73 into support w/ a close above that level......resistance levels are MA(10) @ 1.782 & MA(20)/middle Bollinger Band @ 1.787......
Once STEM closes above the Middle Bb a new uptrend can begin.......DMI w/ADX shows the Green Line(+DI) just Bullish Crossed the Red Line(-DI).......
This is the 1st Bullish crossover on DMI since the Breakout on the 12th.......very strong BUY signal.......
Vol. is still light......STEM will need Lg. Vol. to push through resistance & close above MA(20).......
STEM on Bullish reversal radar........$$$
There's still a gap to fill down to HOD on the 11th(1.67)......STEM is bouncing after 8 days down or flat.....
Looking to turn MA(50) @ 1.73 into support w/ a close above that level......resistance levels are MA(10) @ 1.782 & MA(20)/middle Bollinger Band @ 1.787......
Once STEM closes above the Middle Bb a new uptrend can begin.......DMI w/ADX shows the Green Line(+DI) just Bullish Crossed the Red Line(-DI).......
This is the 1st Bullish crossover on DMI since the Breakout on the 12th.......very strong BUY signal.......
Vol. is still light......STEM will need Lg. Vol. to push through resistance & close above MA(20).......
STEM on Bullish reversal radar........$$$
Learn to read Charts & Technical Analysis.....all are welcome....post your own charts & T/A & join the discussion
http://investorshub.advfn.com/$$$Ospreyeye-Charts-Technical-Analysis-&-Japanese-Candlestick-Patterns$$$-26060/
