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Tuesday, February 11, 2014 11:25:08 PM
Homework Chart AGOE . .. . . .
RSI: currently at 59 it has a lot of room to run (last two big runs peaked at around 85 )
In the last 7 trading days two consecutive bearish patterns formed, first a bearish piercing and then a bearish engulfing - for me it is time to get out
Large price swings in the last 3 trading days but the closing price is very close, three consecutive shake outs perhaps.
Last day we have a dragon fly doji and to me signals the reversal of this pullback.
Now all of this is taking place in the upper trading channel which means the overall trend still bullish. Both 7d MA and 10d MA supports were broken but the 20d MA / middle bolli was tested 3 times is the last 3 trading days and held, very good sign.
Also the 7 day MA is about to bullish cross the 10 day MA. Looking back at the times these two MAs crossed or converged there were major pops.
Look at the accum/dist line there is a bullish devergence for the last 3 days
MACD about to bearish cross, will have to check with other indicators
I would say this pops on the next trading day!
RSI: currently at 59 it has a lot of room to run (last two big runs peaked at around 85 )
In the last 7 trading days two consecutive bearish patterns formed, first a bearish piercing and then a bearish engulfing - for me it is time to get out
Large price swings in the last 3 trading days but the closing price is very close, three consecutive shake outs perhaps.
Last day we have a dragon fly doji and to me signals the reversal of this pullback.
Now all of this is taking place in the upper trading channel which means the overall trend still bullish. Both 7d MA and 10d MA supports were broken but the 20d MA / middle bolli was tested 3 times is the last 3 trading days and held, very good sign.
Also the 7 day MA is about to bullish cross the 10 day MA. Looking back at the times these two MAs crossed or converged there were major pops.
Look at the accum/dist line there is a bullish devergence for the last 3 days
MACD about to bearish cross, will have to check with other indicators
I would say this pops on the next trading day!
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