Thursday, March 21, 2013 3:56:41 PM
ABKFQ Monthly Chart.......this Months Candle is Busting through the Upper Bollinger Band.......
Last Month ABKFQ closed right @ MA(20)/Middle BB resistance........ABKFQ has been in a heavy downtrend for 3 years........the Lower BB has been support & the Middle BB has been resistance.......
The March move above the Middle BB is significant.........ABKFQ hasn't closed above MA(20) for the month since April 2010......going on 3 years......Talk about a Significant Technical Development.......
Once ABKFQ closes above the Middle BB for the month a new uptrend begins.......& when ABKFQ closes above Middle BB support the following month the new uptrend will be confirmed........
Huge Technical Development for ABKFQ......HUGE!.......there will be resistance @ 0.20......but the next major moving average resistance level on the Monthly chart is MA(50) @ 0.4303.....
Remember, this is a Monthly Chart......the candle is not set & finalized until April 1st........the pattern can change, but @ this pont the Monthly chart looks very bullish.......
Fast Sto @ 95.57......temporarily Overbought.......Full Sto @ 45.55......a lot of room to run.......RSI @ 29.87......been riding under 30 Oversold level for years.....literally....oversold for years......
ABKFQ is ready to cross 30 on RSI.......Major Technical Development......ABKFQ on starting a new Uptrend a becoming a Major winner(even more than now) radar........$$$
Last Month ABKFQ closed right @ MA(20)/Middle BB resistance........ABKFQ has been in a heavy downtrend for 3 years........the Lower BB has been support & the Middle BB has been resistance.......
The March move above the Middle BB is significant.........ABKFQ hasn't closed above MA(20) for the month since April 2010......going on 3 years......Talk about a Significant Technical Development.......
Once ABKFQ closes above the Middle BB for the month a new uptrend begins.......& when ABKFQ closes above Middle BB support the following month the new uptrend will be confirmed........
Huge Technical Development for ABKFQ......HUGE!.......there will be resistance @ 0.20......but the next major moving average resistance level on the Monthly chart is MA(50) @ 0.4303.....
Remember, this is a Monthly Chart......the candle is not set & finalized until April 1st........the pattern can change, but @ this pont the Monthly chart looks very bullish.......
Fast Sto @ 95.57......temporarily Overbought.......Full Sto @ 45.55......a lot of room to run.......RSI @ 29.87......been riding under 30 Oversold level for years.....literally....oversold for years......
ABKFQ is ready to cross 30 on RSI.......Major Technical Development......ABKFQ on starting a new Uptrend a becoming a Major winner(even more than now) radar........$$$
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