TradingView
ITM.Trading
Mar 23, 2015 6:26 PM

MACD cross on strong volume. OBV broken up & ADX weakening Long

Cogent Communications Holdings, Inc.NASDAQ

Description

CCOI is appropriate as a long trade with a target of $36.49 which is the 0.382 fib retracement level and also at the prevailing downtrend. It may face short term resistance @ 35.54 but anticipate a clearance of this level based on strong volumes and break upwards of the OBV. The MACD cross cements all of the above.
Comments
KenzoYagai
Very nice. The MACD divergence is also presented.
More