Replies to post #48056 on Options Wonderland

[dalcindo]

Re: EVVV

IMHO:

PROs:
1 - RSI x Price: RSI closed day strong near 55, where price closed at 21-daily EMA. That same 21-EMA has been in force and unviolated since MAR 2009 - Very bullish continuation sign.

2 - Institutional Buys: Looks like registered shareholders already moved the OBV line near the close today prior to retail's A/D line action.

3 - Technical Note: Also, pattern is ripe for play at this time with a nice bullish reversal candle for the day.

CONs:
1 - MACD: MACD does not seem to have completed in decline move

2 - ADX: weakens while D(-) rose against D(+)

3 - BB: Does not seem done completing its narrowing cycle

Overall, CON's are lagging indicators; As leading indicators, RSI and price are screaming "stampede!!!"

Bulls are on the loose, probability-wise!

:-D

D.