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SchragerTrader23

09/11/12 6:14 PM

#2248 RE: ABCtrader1027 #2246

TRON CHART WITH DESCRIPTION:

http://stockcharts.com/h-sc/ui?s=TRON&p=D&b=5&g=0&id=p05823837718&a=277165098

When I first laid eyes on this chart,all i could think is WOW what a chart, this needs major exposure...it looks incredible. Multi bagger status here! Today we had the start of what could be a very nice and long run. Let me explain, based on T/A why I think this is the case.

1) The RSI is looking very nice, a cross of the 50 line is considered very bullish! This is known as the MOMO zone, which is when many professional traders will actually buy the stock. Another aspect of the RSI i look for are divergences ie: price moves one direction, rsi the other. Here I see a positive divergence, the RSI was moving up making higher lows, as the price was moving sideways. A big up move to come.

2)I would like to talk about price action now, it is the most important aspect of a chart. Today we saw a nice breakout day from the base we were trading in. Volume was higher than the average amount, so this confirms a true break of the previous resistance. What I would love to see now is a break of the not so far away MA50 and PAR SAR, both actually at 6, a break of these two, will send this flying IMO. As there is not a lot of resistance to a penny.

3)MACD looks like its about to cross the 0 line, very bullish!

4)ADX one of my favorite indicators, what i see here is very sweet!The green line also known as DI+ is over the red line of DI- this means the trend is now bullish, the ADX line which shows the strength of the current trend is also turning up! which is great and i expect it to keep on rising.

5)CMF and its histogram are moving up, meaning more money flow is coming into this stock. Also see a divergence here, as price was moving sideways , CMF was moving up! $$$$$$

6)ALL of the other indicators I have listed here, Full STO, TRIX, PPO and CCI are all uptrending and showing positive divergences! usually you will see one or two contradict eachother, but not here...they all agree! So if volume comes in tomorrow, which i expect it to we shall see a very very nice next couple days for this stock! have a great day!