Craig,
Just checked various indicators.
Both of the Stochastic indicators are right now at 20, and both in a decline. When these indicators are at 20, it indicates oversold. Hwr, it is not yet a buy signal, but will be soon. The "FAST" moving stochastic should be below the other in an incline position, approaching intersection. From past chart indicators, the buy signal, using this method should intersect within 10 trading days, closer to 5.
I also checked the Japanese Candlestick (very short term indicators), and such is showing "INDECISIVE". Hwr, keep in mind that such indicator does not take support lines into consideration.
The support line in the 35 range is quite strong; therefore, as long as the total market does not tank continously, feel that the 35 lone will hold and a buy signal in about a week.
Seeya |
