Replies to post #65558 on PHI Group Inc (PHIL)

[gemmerling]

PHIL Chart

We want the RSI to go back above 70 and stay there. We want the MACD to stay above the red line (stay in an uptrend) and keep rising with higher volume. We want the stock to continue to trade above it's moving averages (red, blue and green lines) A gradual rise would be better. There will be pull backs and consolidation along the way but as long as the stock price continues to make higher high's and lows that is what we want. We also don't want any stock gaps (the current day stock price low is higher then the previous days stock price high) That happened last time and that is one of reasons why the MM's were able to push the stock price down to fill the gap (see space in the chart) IMO

[OnlyinitfortheMoney]

The introductory primer for decades has been "technical Analysis of Stock Trends" Robert D. Edwards and John Magee, published (last time I looked) by St. Lucie Press.