FOR MONDAY 4/7/14
SMA 50 is .081
HIGH .0923
LOW .0776
CLOSE .0815
MACD negative divergence still signals downtrend although ADX at 19.96 indicating downtrend to be weak and while not a crossover, trendline on MACD showed a small breakout early April which is still above the current trend further signaling downtrend trend weakness. Will need to watch MACD for possible crossover (or downturn) as PPS nears SMA50 of .081, RSI indicators including short and medium term are both lower numbers over higher signaling bullish and BB shows squeeze that began end of March that still continues. Long shadow on Friday candle shows Monday opening down, with possible bounce off MA 50 of .0815 Note Friday closed under BB middle value .0864 and may test BB lower value .0776 on Monday
Note: If MACD 9 crossover occurs next week look for PPS towards upper BB at .0952. If MACD fails watch RSI indicators for downturn.
CMF shows selling pressure (value under -0-) beginning April 3rd with Accumulation having occurred March 3rd through April 31 showing strong duration and intensity, however values reset to under 0 on April 3 and 4 indicating distribution (selling pressure). It will be important to monitor CMF as the SMA 50, Lower BB are tested.
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