Trends on oscillators the past few weeks have turned up, similar to the price trend. Higher lows & higher highs. Slightly encouraging.
MACD crossed up in early August, but needs to break up over zero to get my attention. Same w/the Chaikin O.
Momentum, CCI8, RSI8 Ultimate O all advancing nicely, w/slight corrections today.
MFI still up strong along w/the 14,3,3 expStoch O. Smoothed OBV10 making a nice turn up. PSAR has a couple of good days stitched together. PFE showing a nice move off the bottom. Pring's still positive. Combo StochRSI showing strong upward signs. TRIX running up nicely, but again, wanna see it bust confidently up through 0.
20expBBands have tightened, and we've been off the bottom band for about 2 weeks, which has only happened once since the slide began from the $3+ levels. At this point, a BBand breakout would tend to be to the upside.
Boil it down...action looks to have as much potential as when I started watching in February. The current indications could be nothing, like what happened from May-June. I'd say the next 2-3 weeks will tell. I'll be looking for continued higher highs & lows, some crosses up through 0 on TRIX, MACD & Chaikin's, and of course breaks from the current downtrending channels.
Don't think that qualifies as a prediction. But perspective, nonetheless. |
