WE DID IT!! The 5 DMA FINALLY broke the 20 day mov
Post# of 96879
Posted On: 03/28/2016 11:53:27 AM
WE DID IT!! The 5 DMA FINALLY broke the 20 day moving average (DMA) on the WEEKLY chart!
It's been a long time coming, but, as of right now, this is what the chart says:
5 DMA: .0052
10 DMA: .0041
20 DMA: .0049
That's a HUGE BUYING signal. This hasn't happened on the weekly chart since October 2014!
As further confirmation of the current buying signal, the ADX +/- weekly chart is POSITIVE! This marks the first time it's been positive since the end of 2014. Not only that, but the strength of this current trend is much stronger at about 24.5, compared to the Oct 2014 trend, which was only about 15 at that time.
All good news and very appealing to those (especially chart watchers) who are waiting on the sidelines looking for a reason to buy.
Go NTEK!
It's been a long time coming, but, as of right now, this is what the chart says:
5 DMA: .0052
10 DMA: .0041
20 DMA: .0049
That's a HUGE BUYING signal. This hasn't happened on the weekly chart since October 2014!
As further confirmation of the current buying signal, the ADX +/- weekly chart is POSITIVE! This marks the first time it's been positive since the end of 2014. Not only that, but the strength of this current trend is much stronger at about 24.5, compared to the Oct 2014 trend, which was only about 15 at that time.
All good news and very appealing to those (especially chart watchers) who are waiting on the sidelines looking for a reason to buy.
Go NTEK!
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