649bruno
Long

Trending Now: MNR Continues Higher: Multiple Buy Fractals

NYSE:MNR   MONMOUTH REAL ESTATE INVT CORP
16 0 4
MNR-had a very strong gap open today, surging approximately 4.5%.
Here are the positives:
1. Currently multiple buy Fractals (highlighted in green boxes). Note: four of the sell Fractals afterwards are not valid as they came with prices above alligator's jaw.
2. The lower indicator under the chart is CHOP; readings below the shaded area (38.2) indicate a strong trend. THE TREND IS GETTING STRONGER.
3. The top lower indicator is phase energy, and this is positive. Very strong.
4. The alligator is feeding in the uptrend.
5. RSI / Stochastic (top indicator) is strong. It now has a bullish upward cross.
6. Prices are trading above the Ichimoku Cloud .
7. Prices are trading above the thick red Ichimoku Cloud conversion line.
8. Prices are trading above the Ki jun-Sen baseline of the Ichimoku Cloud and this has been HEADING HIGHER.
9. The 5/34 Momentum indicator (top middle) is strong. It now has a bullish upward cross.
10. The Ichimoku Cloud is rising.
11. The moving average trend line is rising.
In my opinion, MNR-is in a solid uptrend. Very strong.
Good luck to you. Don.

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