The charts are turning positive. I know there hasn
Post# of 96879
Posted On: 12/06/2016 10:57:33 PM
The charts are turning positive. I know there hasn't been much to celebrate from a chartist's perspective, but there are a handful of indicators worth watching now. Here are some positive swings that are showing up on the daily chart over the past two days:
- We closed above the 50-day moving average.
- The MACD rose above the signal line.
- The PSAR flipped in a positive direction.
- We broke through resistance at the bottom of the Ichimoku Cloud.
- We broke through the upper bollinger band after some consolidation.
- The ADX +/- turned positive.
- The 5-day moving average climbed above the 10- and 20-day MAs.
All of these are positive buying signals. And that there are so many of them occurring in such a short amount of time confirms the potential for an upswing.
Now, if NTEK doesn't dilute any more shares, we might get the run we've been waiting for.
Good luck longs!
- We closed above the 50-day moving average.
- The MACD rose above the signal line.
- The PSAR flipped in a positive direction.
- We broke through resistance at the bottom of the Ichimoku Cloud.
- We broke through the upper bollinger band after some consolidation.
- The ADX +/- turned positive.
- The 5-day moving average climbed above the 10- and 20-day MAs.
All of these are positive buying signals. And that there are so many of them occurring in such a short amount of time confirms the potential for an upswing.
Now, if NTEK doesn't dilute any more shares, we might get the run we've been waiting for.
Good luck longs!
(11)
(0)Nanotech Entertainment Inc. (NTEK) Stock Research Links
Scroll down for more posts ▼