Friends,
Recently had a bullish engulfing signal, which actually wasn't all that significant due to the downtrending circumstances. But if trading stays above the signal then the signal probably at least deserves a daily watch.
When the candle on 3.11.2015, it opened above the downtrend resistance. It became a reasonable opportunity to get in based on the fact it broke channel resistance, price traded above the 8EMA, and the fact it broke managed, (in the latter hours of the trading day) to violate some sideways consolidation thats been holding the stock in a short term range for a while.
Trading recently crunched on the 50EMA, and should (according to my calculations) break through the 50ema successfully upon opening tomorrow.
Hoping for upward trading, anticipating a 20-50 golden crossover for bullish participation for more gains.
Thank you.
Tom
Recently had a bullish engulfing signal, which actually wasn't all that significant due to the downtrending circumstances. But if trading stays above the signal then the signal probably at least deserves a daily watch.
When the candle on 3.11.2015, it opened above the downtrend resistance. It became a reasonable opportunity to get in based on the fact it broke channel resistance, price traded above the 8EMA, and the fact it broke managed, (in the latter hours of the trading day) to violate some sideways consolidation thats been holding the stock in a short term range for a while.
Trading recently crunched on the 50EMA, and should (according to my calculations) break through the 50ema successfully upon opening tomorrow.
Hoping for upward trading, anticipating a 20-50 golden crossover for bullish participation for more gains.
Thank you.
Tom
