Tuesday, February 11, 2014 7:30:05 AM
HTM
IMO: Chart does look like its about ready to make a move of some sort (hopefully up for you).
I drew some lines around what I'd be watching.
At the moment, IMO it looks to be squeezing into the descending trianglish area. A breakout above .49 on good volume, or below .45 might be telling of the direction.
I put red arrows in the indicators below. They might be showing a small curve up.
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Check out the weekly chart too, that might be hinting to me that it might be consolidating still. The MACD on the weekly has room before it bounces off, and hopefully doesn't cross going down.
BOL
IMO: Chart does look like its about ready to make a move of some sort (hopefully up for you).
I drew some lines around what I'd be watching.
At the moment, IMO it looks to be squeezing into the descending trianglish area. A breakout above .49 on good volume, or below .45 might be telling of the direction.
I put red arrows in the indicators below. They might be showing a small curve up.
----------------------------------
Check out the weekly chart too, that might be hinting to me that it might be consolidating still. The MACD on the weekly has room before it bounces off, and hopefully doesn't cross going down.
BOL
These thoughts are just mine, not right, not wrong, just thoughts. Invest in what you believe in, not what I believe in. Do your research, and invest in the facts.
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