1) I drew resistance and support lines in the past and they worked very well for short and long positions. I drew support line and it is very close to be broken or security will take support from there. I drew resistance line and it is another obtacle for new peaks. If security wanna increase, it must break it. Also RSI has 2 moving averages and they crossed each other. It is sell sign. Purple cut down green one(sell sign).
2) I drew Overbought(23.25) and Oversold(-44.26) areas for Momentum Indicator. I applied (8 period SMA) on Momentum. Momentum cut above its moving average and it is buy sign.
3) I drew resistance line on CCI Indicator. I applied (14 period WMA) on CCI. CCI will nearly cut down its moving average but we have to wait at the end of this month's closing. We have to wait for buying this security because CCI has not cut above its resistance line. Resistance line must be broken.
4) I drew Support Line on prices and it has not been broken yet. Also i applied 2 moving averages which are called DEMA(5 period and 20 period).
2) I drew Overbought(23.25) and Oversold(-44.26) areas for Momentum Indicator. I applied (8 period SMA) on Momentum. Momentum cut above its moving average and it is buy sign.
3) I drew resistance line on CCI Indicator. I applied (14 period WMA) on CCI. CCI will nearly cut down its moving average but we have to wait at the end of this month's closing. We have to wait for buying this security because CCI has not cut above its resistance line. Resistance line must be broken.
4) I drew Support Line on prices and it has not been broken yet. Also i applied 2 moving averages which are called DEMA(5 period and 20 period).
Comment:
Resistance line of +DI and RSI were broken 3 weeks ago. I drew Support line of CCI, Momentum and RSI. They weren't broken yet and stock is increasing above those support lines.
Comment:
Resistance line of RSI and CCI were broken last month.
Comment: