Replies to post #16944 on DNA Brands Inc (DNAX)

[iReapZzYy]

DNAX Technical reason to buy:

Buy, after an Elliott Wave 5-Wave Decline Sequence!

DNAX Very Strong "Bullish Divergence" Chart Set-Up

* Note that the stock has dropped in an Elliott Wave,
5-Wave Decline Sequence.

* Always Buy a stock after a 5-Wave Decline.

* The stock is ready for an A,B,C Corrective Retrace
of its prior Decline.



* The Chart Indicators point to a BREAKOUT any day !

* Note that the PPO blue Bars have been steadily climbing,
and are ready to cross the Zero Line

* Note that the RSI is trending Up,
while the Price has been trending Down.

They are moving in opposite directions.
This is the definition of a positive "Bullish Divergence".

* Note that the Accumulation Line has been steadily climbing.

* Note that the OVERSOLD condition,
as the price of the stock has fallen under
the "Key Support" of 0.001,
that was set in the last week of July.

* Note that the price of the stock,
is trading under the 8-day Moving Average M.A.,
when they are both under the 34-day Red M.A.

-ALL WORK OF TRADER53 (not my credit)