Hi Kastel. Here's my reading, FWIW.
I do not have positions in these stocks.
ENER on the Nasdaq
Weekly Chart
stockcharts.com[e,a]wallyimy[df][pb20!f][vc60][iUd20!Ub14!Ll14!La12,26,9!Lp14,3,3!Lc20]&pref=G
Price below the 20 week Moving Average (a Sell Signal, for me) and DMI close to confirming the sell signal, as the -DI seems about to cross the +DI.
CMF just going negative.
Nothing in the Weekly chart that would induce me to buy, at this time.
ENER Daily Chart
stockcharts.com[e,a]dallyiay[dc][pb20][vc60][iUd20!Ub14!Ll14!La12,26,9!Lp14,3,3!Lc20]&pref=G
The Daily doesn't look very good, either.
Again price below the 20 day Moving Average.
DMI confirmation of the Sell Signal.
Negative Chaikin Money Flow.
ADX flat. If the ADX finds room to fall, even lower, there could be some sort of recovery, as the Stochastic is down in the oversold zone, but if the ADX starts to rise, then watch the MACD, and the MACD looks bearish.
Daily looks somewhat unpredictable, but with a bearish bias.
AVN/UN on the TSE
Weekly Chart
stockcharts.com[e,a]wallyimy[df][pb20!f][vc60][iUd20!Ub14!Ll14!La12,26,9!Lp14,3,3!Lc20]&pref=G
Looks great.
Price has crossed above the 20 week MA, and the DMI is confirming the Buy Signal.
Positive CMF.
ADX flat. If the ADX turns up, the MACD will give the chart a bullish outlook. If the ADX turns down, or stays flat, the Stochastic is in the overbought zone, and this might suggest a price pull back.
Looks like resistance just ahead at about $10. and if it gets through that, $12. looks possible.
Hard to know what to do, right now. Watch that ADX, I guess.
Maybe the Daily will offer more insight.
Daily Chart
stockcharts.com[e,a]dallyiay[dc][pb20][vc60][iUd20!Ub14!Ll14!La12,26,9!Lp14,3,3!Lc20]&pref=G
Sure, you tell us about this stock, now. <gg>
The Daily has been looking very, very good.
I've owned a few like this and I've watched many like this.
It's always hard to know when, or if, a rally like this will exhaust itself, IMO.
There was a nice Buy Signal (20 day MA cross and DMI confirmation) in mid-January. It shows no signs of weakening.
ADX is rising and so MACD is the indicator to watch.
I don't like MACD patterns like this.
The MACD momentum lines are positive and rising slightly, but the MACD histogram is almost a flat line. That's not completely reassuring. On charts like this, I often wonder if some institution is slowly accumulating. Trouble, for me, is - if that is what is happening, what happens when they have all they want?
Stochastic and it's sister indicator CCI are in the overbought zones. They can stay up there a long time while the price just continues to climb.
If I was invested here, based on this Daily Chart, I'd probably wait for the CCI to drop below the 100 line before I'd make a move. When that does happen, I don't what I'd do, but I'd consider lightening up.
Those are all just opinions, of course.
Please don't use those opinions to make investment decisions. They are just a private investor's interpretations of the charts.
Congratulations on that AVN.un holding. Looks like it's been a good one.
Cush |
