<font color=green>Potash Corp. POT on TSE
stockcharts.com[w,a]daclyimy[dc][pb10!b50!b200!h.02,.20][vc60][iUd20!Ub14!La12,26,9!Lp14,3,3!Lc20]
Stoxguru, this is an interesting chart. The indicators appear to have been pretty valid in the past.
I don't have a position here.
I use MACD for buy signals, and Stochastic for sell signals, usually.
A good MACD buy signal is often when the MACD momentum lines cross the zero line.
Take a look at the signal on about October 23rd, last year.
Then the chart entered an area that I find very hard to be patient with.
MACD continued a bullish uptrend but Stochastic started snaking around up in the overbought zone.
Then look at that clear sell from Stochastic on about January 1st, supported by a downtrend starting in the MACD.
Now,
MACD may be turning but, IMO, it's risky trying to anticipate buy signals.
There isn't one yet, as I read the chart.
Stochastic is now snaking around in the oversold zone.
I'd look for Stochastic to support a MACD buy signal, if it comes, by beginning a clear uptrend as well.
Chaikin Money Flow is negative which is usually bearish.
Remember, I'm just an amateur reading these charts to learn TA.
Good luck with things.
Cush |
