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Strategies & Market Trends : Ted Warren's Investolator -- Ignore unavailable to you. Want to Upgrade?

To: investolator2000 who wrote (959)	3/5/2022 9:02:23 PM
From: WEagle	Read Replies (1) \| Respond to of 1798

I2, The volume for ERF has definitely picked up but I don't know if it has reached climatic levels. Price action has barely broken the upper trend line. OBV (On Balance Volume) is confirming the latest rise, that is, the OBV made a new high as ERF made a new high on this move relative to where it was on at the time of the previous price high back in early December 2021. This is saying the price should eventually pull back and then attempt another new high. MACD is also confirming the new high. MACD is a momentum indicator. However, another momentum indicator that I like better than MACD is RSI and it is not confirming the new high or as many analyst say, this would be a non-confirmation. What this indicates is there is currently a mixed picture but it certainly calls for careful watching and a relatively quick sell trigger, but I think that is what you are doing. Aren't you glad I have added to the confusion? Happy Trades to You. WEagle