Replies to post #144 on Strictly: Drilling

[Croesus I]

TEO.to daily chart:

Positives: ADX maybe setting lower highs possibly suggesting that the downtrend is lessoning. Slow stochastics, & MACd histogram., although MACd has set lower low & is currently attempting to crossover, albeit at very low levels. The volume spike last week suggest that all the sellers who wanted to dump the stock... did so.

Negatives: Stock is trading below all its moving averages, last 4 candles (IMO)suggest significant indecision. CMF & OBV.
According to the -Dmi - selling pressure is abating & the fact that ADX is still @ 50; is unsustainable over a period of time.

Regards,
Peter