explosive technical indicators I am extremely surprised that not 1, not 2, not 3 but 4 technical indicators are showing extreme bullishness for this stock
1- morning star formationwhich I explained in details on friday
2- MACD very bullish ( fast line just crossing slow one and firing twards zero line)
3- Relative Strength Index approching zero line ( way way oversold)
4- DMI ( th DMI+ just crossing th DMI- line-) which is extremely bullish
I usually buy on one indicator. Imagine the 4 happenning simultaneously!!!
me dont think ARN will be sold under $5 to $7 range. 7 drills on hold while production moves on on all cylinders!