Replies to post #10263 on Brilliant Technologies Corp. (fka BLLN)

[was CA$H]

LoL.............................I think it's time ;)

[Thirsty Tiger]

You can get a good idea of whats going on by looking at the charts at the bottom of the I-Box.

Start with the regular price chart. It basically shows that we have a breakout. 50 day average is at 0.18 and 20 day at 19. These are your supports. The 200 day, which is not in the plot is now at 0.30. That will be a resistance point when we get there

the Full Stochastic which is a momentum indicator is pegged. Sits at 98. 100 is maximum and is a number you cannot get to.

The ADX which is a "strength of the trend" indicator (black line) is going hyperbolic but is still a little low. As you can see the ADX has moved from below 20 to above 20. This is a sign that the lifeless trading range below 0.02 we had is ending and a trend is developing. You want it to climb over 30 for confirmation. Over 40 is outstanding and is a long term wweeeeeeeeeeeeeeeeeeeeee

I use the MACD as a signal and divergence indicator. The widening gap between the red and black line shows that the positive momentum is increasing, indicating a bullish period. The signal to the upside is at the crossover at end of December, same thing for the Stochastic

But fundamentally, charts are kind of useless during a breakout, except you may get an idea where the resistance lays. It's all going up anyway