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Microcap & Penny Stocks : TLT.v
TLT.V 0.155-3.1%Nov 27 2:50 PM EST

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To: Underexposed who wrote (1412)11/14/2019 8:24:27 PM
From: Underexposed   of 1868
 
I thought I would update my charts a week later



If you step back to what I was saying last week you will find that things are going pretty much as predicted.

I will start here with the Ichimoku chart first

As I thought the share price is following the contours of the red cloud.... This is a pretty difficult edge to breach. The edges of all clouds are resistances when approaching from the bottom and supports when falling from above.

I find it amazing how that resistance works.... but there are differences from the last chart. The OnBal Vol is still dead assed neutral but the CCI has improved to mildly bullish and the CMF has almost crawled out of the mud to being neutral....these are signs of improvement.

In the Trigger chart it might look like nothing has changed but that is not so.... the share price is flatlined but you know the reason of that from the Ichimoku chart. But look at the Slow Sto.....It has climbed to double its value compared to last week to 56.... the MACD continues to climb.

Conclusion

Though it may look like nothing has changed that is not true... Many indicators are showing improvement.

A breakout is not going to happen for 2-3 weeks yet.... we have to get out from under that cloud. Though it is possible that suddenly we will breach that edge but then face another barrier of the upper cloud edge.

If the share price waits for 2-3 weeks it will have an easier time to rise above the clouds.

UE
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