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Strategies & Market Trends : Underexposed Technical Analysis
AQN 5.810+0.7%Dec 10 3:59 PM EST
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To: robert b furman who wrote (446)8/27/2019 3:31:07 PM
From: Underexposed1 Recommendation

Recommended By
kimberley

  Read Replies (2) of 914
 
USA: XOM




If I follow your process, I should look for both the slow stochastics and Macd to track upward as the price should trend towards the 20 sma .
You only want the Slo To and MACD to rise if you want the share price of XOM to rise... and I don't think you want that to happen.

Right now... with the BBWidth falling the direction of both those indicators does not matter much.... it is when the BBWidth stops falling and levels out that the direction of the tow indicators matters.

When the BBWidth suddenly and dramatically rises:

If the Slow Sto (usually first) followed by the MACD are already rising.... it would be a bullish breakout
If the Slow Sto (usually first) followed by the MACD are already falling.... it would be a bearish downturn

The direction of movement of these two indictors are really important when the BBwidth suddenly rises.

At the bottom of a plummet or the top of a rise... the share price enters a consolidation period.... here the MACD can wander all over the place and doesn't really matter much....

HOWEVER, the Slow Sto is important during this period of consolidation though:

- in a Bull run... the Slow Sto should be over or near 80. During consolidation it is ok if it duck below 80 as long as it rises over again (oscillating around 80).... this means the stock is still bullish in the consolidation period...even though the price drifts sideways.

- in a Bear plummet - the Slo Slow should be near 20 or lower.... As long as it stays down there during the consolidation... the share price remains bearish.... even though there could be a slight positive drift sideways

A dramatic fall of the Slow Sto from 80 in consolidation after a bull run shows a change from Bull to Bear and should be confirmed by the sudden rise of the BBWidth a few days later.

Similarly, a dramatic rise of the Slow Sto from 20 in consolidation after a bear plummet shows a change from Bear to Bull and should be confirmed by the sudden rise of the BBWidth a few days later.

If you don't get that sudden BBWidth rise that rise or fall of the Slow Sto is probably a headfake.

This all sounds complicated ....but it isn't really once you get used to seeing how these indicators work in concert with eachother.

It is like Doctor Ruth's excellent advice: "Practise....Practise....Practise!!!!!!" :)

UE
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