Hey Cap and to everyone else reading this. Today ACYD had a wonderful day, we finally broke out after a few days of moving sideways, i would like to discuss my point of view on this great chart we have.
1) As always I would like to start talking about the RSI. Today we fianlly broke out of the pattern seen in the chart. RSI exploded up beyond 50 along with the price. Very bullish indeed, and still more much more to go to be considered overbought.
2) Price action was awesome today if I might say so. We finished off the day with a nice big white candlestick along with corresponding high volume , which is what you want to see in a true breakout! Price broke through the ma50 as well as the par sar today, full on bullish explosion, and to top it off we pierced the top BB , as Captiva would say, get ready to ride the tsunami!!!! get out your surfboards!! and i dont even surf. MA 5 and 10 have crossed bullish and this is great for short term moves up! great sign imo.
3)MACD had crossed bullish and histogram is upticking, showing momo coming into the stock!! as seen today....weeeeee!
4)My fav indicator the ADX shows the di+ crossed the di- and has ways to go...this is just the start! ADX line itself is also turning up, to show the beginning of an uptrend.
5) CMF money flow is turning up and will be green next week, shows money is and will continue to come into this stock.
6)Accumulation and OBV have reversed and are starting to move up from the oversold position! looking wicked for next week!!!!
7)And finally my new indicator, the FORCE index is coming off bottom (from that manipulated sell off the other day ) and will be green in no time!! Looking great
Cant wait for next week, and i really wish we didn't have a holiday on monday, bc I want to see what this baby will do next week!! have a great weekend everyone!!
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