I got this from INO.com GENTA INC (NASDAQ:GETA) Downtrend Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term downtrend Downtrend with tight money management stops. Based on a pre-defined weighted trend formula for chart analysis, GETA scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
+10 Last Hour Close Above 5 Hour Moving Average +15 New 3 Day High on Friday -20 Last Price Below 20 Day Moving Average -25 New 3 Week Low, Week Ending October 24th -30 No 3 Month High/Low
-75 Total Score
and this from Stockta.com Ind. short Inter Long EMA VBe Be VBu MACD N Bu N RSI Be TDD Be Fibs VBe Bu Bu Highs N Bu N Lows VBu VBu N Trends N N N Stoch. VBu VBu=Very Bullish, Bu=Bullish N=Neutral Be=Bearish, VBe=Very Bearish
this is from americanbulls.com
Today a Doji was formed. This shows indecision about the direction of the market and it represents a tug-of-war between buyers and sellers. The last two candlesticks formed a Bullish Harami Cross Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.
on the weekly ichimoku cloud indicator the blue line crossed the red which is positive
so short term we may have a little further to go hopefully not much. I am thinking we may bounce off of the 50SMA. but if we're holding for the long term it looks like the long term indicators are positive. By long term I hope this means no longer than mid November. :)