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Ziza23456
Jul 25, 2018 6:52 PM

Roche primary trenline analysis (RSI, MACD, price) [Daily] Long

ROCHE GSSIX

Description

Hello Everyone,

I would like to share with you my idea regarding Roche. This is not a trade advice.

There are signs that stock price may increase for Roche SIX:ROG

RSI (14)
There is a strong primary trendline A-B on RSI, support trendline
- Point A (25/Oct/2017) was the lowest RSI (14) low since 10/Aug/2011 making it very significant RSI low (6+ years)
- Point B (06/Feb/2018) was consecutive RSI low after A. Primary RSI trendline A-B is established.

MACD (12,26,9)
There is a strong primary trendline K-L on MACD, support trendline
- Point K (14/Feb/2018) lowest MACD cross-over since 12/Feb/2015 very significant MACD low (3+ years)
- Point L (19/Jun/2018) was consecutive MACD cross-over after K. Primary MACD trendline K-L is established.

MACD (12,26,9)
There are also MACD highes Z and Y. However, these are not significant as they are only local MACD highes and trendline Z-Y is not primary.
Nevertheless, fact that MACD lines crossed from bottom the trendline Z-Y in point 1 was a sign of strength. This trendline is not a support.

Price line
- There is primary trendline (RED) linking all-time-high from 05/Dec/2014 with high from 09/May/2017. This trenline is upper resistance.
- There is non-primary trendline (ORANGE) linking high from 09/May/2017 with high from 08/Jan/2017 (none of the point is 52-week high 3-yrs high or all-time-high).
Nevertheless, fact that price line crossed over ORANGE trendline in point 2 was a sign of strength. This trenline is not a support.

Let's hope that Earning Report will be favorable.

Please share your thoughts with me.

Ziza23456
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