(Total Views: 612)
Posted On: 01/28/2020 1:57:41 PM
Post# of 75492
technical analysis 28/01/2020
https://www.tradingview.com/x/D6vXCHwP/
today's news worried me like it might worry other long term investors, this is absolutely normal when an officer resigns.
so looking at the chart always help in a time like these
first NO SELL-OFF... that is very important and positive
second: we are above the high of 50 WMA meaning that accumulation is still in progress (that is also positive)
we are also above the 4 and 8 daily EMA and we can see for the last few days that the 50 WMA has held as support very nicely... (all positive)
looking at a longer view
https://www.tradingview.com/x/RJ6ZzoNX/
you can clearly see that the trend has changed sometime around Christmas were what was resistance is now acting as support...all in all very positive
as a rule of thumb (not set in stone) above 50 WMA is considered bullish and below is considered bear territory
https://www.tradingview.com/x/D6vXCHwP/
today's news worried me like it might worry other long term investors, this is absolutely normal when an officer resigns.
so looking at the chart always help in a time like these
first NO SELL-OFF... that is very important and positive
second: we are above the high of 50 WMA meaning that accumulation is still in progress (that is also positive)
we are also above the 4 and 8 daily EMA and we can see for the last few days that the 50 WMA has held as support very nicely... (all positive)
looking at a longer view
https://www.tradingview.com/x/RJ6ZzoNX/
you can clearly see that the trend has changed sometime around Christmas were what was resistance is now acting as support...all in all very positive
as a rule of thumb (not set in stone) above 50 WMA is considered bullish and below is considered bear territory
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