$FCEL...Today's action from my eyes: It's a thing of beauty
Momentum change is indeed in effect-patients.
Stochastic Momentum Indication (STCH MTM) has
1. A %K=a Momentum active change based on EMA3,3, 10, and 5). It is what tells me where Momentum is heading in the SHORT term!
2. a %D a Momentum average which is based on the MA5, and 10 end of that spectrum-so it is a lagging Momentum trend, more smoothed out over the short term.
Right now the %K is leading about +40 (was -9 at EOD yesterday!!!), and the %K lagging, or where it was end of day yesterday at -2.96.
I posted how you couple the STCH MTM %K with the +DI of the ADX to get the DIRECTION of the trend before-it is a bullish move-just let it play out and load the boat man!
So you expected surge will be realized-just wait for it!
From a 30 minute chart though: BIG move by the bulls was made today!
Disregard the SP for now. Just look at the closing price in relation to EMA50 at EOD yesterday and where it is now!!!
What's more, The linear progression of the top of the Bollinger band has taken an upwards stroke because the MACD is bullish and the SP is sitting on top of it my friend!
Clay will be here to tell you this soon enough!