Posted On: 07/09/2014 9:44:11 PM
Post# of 2561
$ICBU Daily Chart ~ A Close Outside the C Box
Evening traders. I'm not declaring today's close a breakout yet, but ICBU did close above and outside the consolidation box that the stock has been trending in since mid June. A few of us added well over 1 million shares today from the low to the high. I liked the increase in volume along with a bit more separation of the MACDs' indicators and signal lines. Also of interest is the rapid rise in the CMF and MFI with an increasing RSI. As a minimum, I would hope to see a retest of the .108/.109 double top of mid April. Should ICBU get there, we could then easily see a test of the .15/.20 level. Adding more tomorrow. GLTA
Evening traders. I'm not declaring today's close a breakout yet, but ICBU did close above and outside the consolidation box that the stock has been trending in since mid June. A few of us added well over 1 million shares today from the low to the high. I liked the increase in volume along with a bit more separation of the MACDs' indicators and signal lines. Also of interest is the rapid rise in the CMF and MFI with an increasing RSI. As a minimum, I would hope to see a retest of the .108/.109 double top of mid April. Should ICBU get there, we could then easily see a test of the .15/.20 level. Adding more tomorrow. GLTA
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