Posted On: 10/27/2013 9:47:28 PM
Post# of 52
ospreyeye Sunday, 10/27/13 02:07:21 PM
Re: health post# 9883
Post # of 9929
STWG Chart: Bearish Engulfing reversal pattern formed Fri. On very large volume compared to the 10 day daily average.......
Checkout the Vol. Indicators: Accum/Dist, OBV, CMF & FORCE........they show heavy profit taking on Fri......STWG has been riding in the very Bullish Upper BB channel.......it hit the 1st level of support, MA(7)......next support level is MA(10) @ 0.01........as long as STWG stays above the Middle Bollinger Band @ 0.0081 the Uptrend should continue.......a close below the Middle BB could signal the start of a new downtrend.......look for a Bullish Reversal pattern to form off one of the above mentioned support levels.......a white candle, Doji or Hammer will set up the reversal.......
STWG on Bounce radar.........$$$
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