Persistent rumors of a Very good NR to come…
Here is a TA outlook, today doing again good volume with little SP action!
Seating on an important resistance line…
Since the last spike up SP stabilized and maintains the new trading range…
The OBV is very high (traders kept theirs stocks)
Volatility is very high…du to last SP positive action..
Had double bottom yet and building a “W” shape pattern…
Indicators & Oscillators are still getting in line…
Weekly MACD lines are near the zero line could crossover.
Daily 50/200 MA at the crossing point and SP is over MA200.
Daily GUPPY is fully cross and opening wider.
Looking at the Volume not only today start increasing and doing good volume since last November!
Actually at a turning point… Could change from the long neutral trend and could move to new up trend!
Is there something boiling here I wouldn’t be surprise!
As I always say it’s only TA reading…
So, always DD!
Fratzy!