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Douglas Lake Minerals Inc DLKM



GREY:DLKM - Post by User

Comment by handbellon May 15, 2009 2:36pm
304 Views
Post# 15996748

RE: DLKM Technicals

RE: DLKM Technicals~~~As of now, on the daily chart, the 50 day moving average has crossed above the 200 day moving average, albeit slightly.  Such a cross is indicative of, at least, an intermediate trend change.

The slow stochastics indicator has given a bullish signal with its cross above %D line, suggesting an up move.
The MACD histogram is rising and the MACD is turning up above the zero line, suggesting a buy signal soon.
The RSI is above 50, indicating bullish action in place. A short term down trendline has been exceeded to the upside.~~~

Believe me I hope you are correct...but, do those indicators really work when volume is this low in a stock?

I can see fundamental reasons to be optimistic and I have increased my ownership in the past several weeks but I wonder if TA is really as effective on low volume small cap companies.... Have you used it successfully before in similar situations?

Best to all,
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