Hi Tom. Here's my take on the PVTL chart.
stockcharts.com[w,a]daclyimy[dc][pb10!b50!b200!h.02,.20][vc60][iUb14!La12,26,9!Lp14,3,3!Lc20]
For the most part, I try to use MACD for buy signals and Stochastic for sell signals, with CMF showing support for either the MACD or Stochastic signal.
With these chart settings, a MACD buy signal occurs when the black MACD momentum line crosses over the blue momentum line. This generates a positive histogram, and the momentum lines begin or resume an uptrend.
Looking back at this chart, you can see there were several such signals.
They didn't amount to much.
IMO, they indicated some buying during the series of legs down in this downtrend the stock is in.
Very hard to trade those profitably.
Stochastic gives a sell signal when the black crosses down through the red line.
Stochastic is considered to be signalling an overbought condition when it's above the 80 line,
and an oversold condition when it's below the 20 line.
A cross by the momentum lines, above or below these two (80, 20) is usually more significant than otherwise.
Just after January 22nd, there was a clear Stochastic sell signal.
You can see it was worth while getting out then, if you were in.
Now,
the MACD is in an encouraging uptrend.
Ideally the histogram would be rising more. It seems pretty flat right now.
So, a fairly muted buy signal.
CMF has gone positive, supporting the signal.
Stochastic is giving an undecided signal (can't tell if it's going further up, or turning down).
If I was trying to decide whether to buy based on this chart,
I'd say it has potential
but only if I had other reasons to buy
like something good happening fundamentally.
Remember my disclaimer please.
Don't make any decision based on my opinions.
I'm just offering what I see in the chart.
As for EFX, I think that's one of Peter's recent successes, isn't it?
Maybe he'll comment.
Cush |
