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Strategies & Market Trends : Ask DrBob

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To: randyi who wrote (63)8/18/2000 12:46:19 AM
From: Drbob512   of 100058
 
randyi: Welcome to SI!!! ADCT TA looks like this to me:

Support at 39, resistance at 49, with daily MACD still negative (surprisingly), but daily stochastic is positive. Needs to hold above 40 really and to have increased volume on rally days and for OBV to improve, then it will at least retest 49 and possibly take it out if volume and close is strong enough.

Trend channel short term is 40-45. If closes above 49, then it has broken out and will rally for a few more days at least, in all probability. If close below 39, would be quite negative. My Tao brain says could go up more from here...

Above is not a recommendation to buy or sell ADCT. Always do your own research before investing.

Best wishes,

Dr.Bob
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