con't stockcharts.com
SFF on the TSE
Confusing (to me) PnF chart, on one hand we had Double Top Breakout, on the other hand, it is below it's March high. It is early, but a triangle maybe forming on the 3 box reversal PnF chart. If I were making a long-term decision I would probably wait to see how the triangle resolved itself. (In my limited experience, triangles on PnF charts in this market invaribly breakdown)FWIW
stockcharts.com[w,a]dicayymy[dc][pc5!c21!c50!c200!h.02,.20!f][vc60][iut!Ul14!Lc20!La12,26,9!Lh14,3!Lb14]
On the daily chart The ADX appears to be ready to break through 20 (indicating a new bullish trend), +D1 is well above the -D1, CMF North of 0 (good), Macd ready to rock & roll I would like to see the cross-over, very large volume the last couple of days, convergence of moving averages--> stock sitting just above it's 200,50,21 & 5 day ema... it must hold this support for the stock to continue the nice uptrend in this 6 month daily chart. Again the stock is below its 10.25 high....
So I am befuddled on this chart... I think a coin toss is in order...Heads or tails, up or down... ???? Consolidating???
I'll put this one on the ticker.
Regards,
Peter |
