AAP Good situation to buy!!! Not Investing Advice!!!
1) I applied WMA(14 period) on CCI indicator and it gave us to buy sign before 2 months ago.
2) I applied SMA(8 period) on Momentum indicator but it have not cross yet. They are very close each other. It is close to break its resistance level.
3) RSI indicator is going approximately 25-30 level for monthly period. Also it broke its resistance line. 25-30 level is meaning that security has been sold a lot. It can be good opportunity to buy in this area but it is not working very good when security has strong trend. RSI's 2 moving average did not cross each other and it is sign to us for waiting.
4) MACD has light red bars as you see on the screen and please check out all arrows on the screen. In my opinion they will cross each other soon. Light red bars are giving this message to us Down Trend is decreasing and Upper Trend can show itself.
5) We have no any divergence on indicators.
6) DMI indicator has 3 moving average and Red one represents ADX. Orange one represents -DI. Blue one represent +DI. If Blue cuts above Orange line it is buy sign but they are away from each other. On the other hand if ADX cuts above -DI it is buy sign and they are going each other.
7) I applied DEMA on prices and their period Orange one is 5 period and Red one is 20 period. We have not got any buy sign from there.
2) I applied SMA(8 period) on Momentum indicator but it have not cross yet. They are very close each other. It is close to break its resistance level.
3) RSI indicator is going approximately 25-30 level for monthly period. Also it broke its resistance line. 25-30 level is meaning that security has been sold a lot. It can be good opportunity to buy in this area but it is not working very good when security has strong trend. RSI's 2 moving average did not cross each other and it is sign to us for waiting.
4) MACD has light red bars as you see on the screen and please check out all arrows on the screen. In my opinion they will cross each other soon. Light red bars are giving this message to us Down Trend is decreasing and Upper Trend can show itself.
5) We have no any divergence on indicators.
6) DMI indicator has 3 moving average and Red one represents ADX. Orange one represents -DI. Blue one represent +DI. If Blue cuts above Orange line it is buy sign but they are away from each other. On the other hand if ADX cuts above -DI it is buy sign and they are going each other.
7) I applied DEMA on prices and their period Orange one is 5 period and Red one is 20 period. We have not got any buy sign from there.
Comment:
It is going very well. RSI 2 moving averages will cross each other soon. It will be other confirmation for buying sign.
Comment:
-DI is under of ADX and it is buy sign. Resistance lines of CCI, Momentum and RSI were broken. As you know i shared this idea 3 months ago. RSI has 2 moving averages which are called purple one and green one. Purple one is more than green one, it is buy sign. There is no problem. Momentum must be above its bottom horizontal line because it represents overbought area. If it cut above horizontal line it will be other buy sign. We will watch Momentum this month.
Comment:
I applied 2 moving averages on prices which are called Red one(5 period DEMA) and Green one(20 period DEMA). Red one cut above green one and it is buy sign.
Comment:
Oversold area of Momentum was passed this month. Buy sign. Not Investment Advice!