Technical Analysis Below! Clay Trader does a g
Post# of 45510
Posted On: 09/17/2012 1:10:53 AM
Technical Analysis Below!
Clay Trader does a great job however i do feel like he misses a few things that traders should see. The MACD has been making higher lows since July 9 while the price has fallen. For those that do not know this is called divergence and is the most accurate indicator for a strong trend reversal for the chart. The MACD crossed over around the 25th of August and has continued to grow slowly but surely. The RSI is no longer bearish and must continue to grow to get to the bullish point. All in all i feel that this is a very strong chart and will rise. .007 is the line of support and we must hold this price . Good luck to all.
Clay Trader does a great job however i do feel like he misses a few things that traders should see. The MACD has been making higher lows since July 9 while the price has fallen. For those that do not know this is called divergence and is the most accurate indicator for a strong trend reversal for the chart. The MACD crossed over around the 25th of August and has continued to grow slowly but surely. The RSI is no longer bearish and must continue to grow to get to the bullish point. All in all i feel that this is a very strong chart and will rise. .007 is the line of support and we must hold this price . Good luck to all.
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