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Bullboard - Stock Discussion Forum Douglas Lake Minerals Inc DLKM

GREY:DLKM - Post Discussion

Douglas Lake Minerals Inc > DLKM Technicals
View:
Post by AU_NB on May 15, 2009 1:41pm

DLKM Technicals

The day is not over, so things could change.....

BUT,

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.

https://stockcharts.com/h-sc/ui?s=DLKM&p=D&b=5&g=0&id=p95944659194

But perhaps, the strongest indication of a trend change is the weekly candle that looks like it will be formed, status quo remaing. That candle is a Bullish Hammer, which appears at the end of a down trend and signifies a reversal.
BTW, both the MACD and TRIX, trend indicators have signaled an up trend with their earlier crosses.

https://stockcharts.com/h-sc/ui?s=DLKM&p=W&b=5&g=0&id=p22857583180

Certainly looking promising.

fwiw

lmho
icbw
dyodd
Comment by handbell on May 15, 2009 2:36pm
~~~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 ...more