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Friday, November 08, 2013 4:11:16 PM
My take on the NYBD Chart. Basic Beginner Charting.
RSI shows that we are neutral to slightly oversold. Yes we broke through the 200MA (Red Line) today. That's okay though. The 50MA (Blue Line) is still on an uptrend and we haven't been below that line for a whole month. Every time we touch it we bounce off of it. When these 2 lines cross we will get what's called a 'golden cross'. This is what we like to see. It is a very bullish signal. Accumulation has gone down the past week but what do you expect after a decent run up? Accumulation is still rising overall.
I expect this to be back over .01+ very very soon... In My Opinion of course ;)
Trade how you want, but you can never lose with freebies!
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