1) RSI's 2 moving averages have crossed already each other. Purple one went above green one and it is buy sign. Also RSI's Resistance Line was broken.
2) MACD shows that: Upper trend is gaining power because green bars are lengthing and it is dark green not light green.
3) Momentum Resistance Line did not work. Momentum increased a lot but it is still less than 0. It shows that: Down trend is losing its power but it may still decrease because it is less than 0. When it goes above 0 line it will be another buy sign. On the other hand, i drew support line of Momentum. If support line is not broken, it will be more than 0 and trend will go upper.
4) CCI's 0 line can be used for strategy and it is very important for some securities which lost its value more than %90. This is experience. If CCI cuts above 0 line, it will be buy sign.
5) This is not certain but may work why not. Target Price = (Highest price level + Lowest price level)/2
Target Price = 161$ ????
ALL COMMENTS DO NOT INCLUDE INVESTING ADVICE!!!
2) MACD shows that: Upper trend is gaining power because green bars are lengthing and it is dark green not light green.
3) Momentum Resistance Line did not work. Momentum increased a lot but it is still less than 0. It shows that: Down trend is losing its power but it may still decrease because it is less than 0. When it goes above 0 line it will be another buy sign. On the other hand, i drew support line of Momentum. If support line is not broken, it will be more than 0 and trend will go upper.
4) CCI's 0 line can be used for strategy and it is very important for some securities which lost its value more than %90. This is experience. If CCI cuts above 0 line, it will be buy sign.
5) This is not certain but may work why not. Target Price = (Highest price level + Lowest price level)/2
Target Price = 161$ ????
ALL COMMENTS DO NOT INCLUDE INVESTING ADVICE!!!
Comment:
Comment:
On DMI indicator +DI cut below -DI and it is sell sign. GAP happened on prices and huge volume bar accompied with it. I drew Resistance Lines of CCI, RSI, Momentum and +DI indicators. Also +DI cut below ADX and it is other sell sign.
Comment:
I only drew Resistance Line on CCI indicator weekly chart.
Comment:
Comment:
ADX is above ADXR. It means that, there is strong trend upper or down. I caught positive divergence because price bottoms are decreasing but indicator bottoms are increasing. This is buy sign for weekly chart! I have drawn support line on momentum and it took support from third point.
Comment:
Comment:
Resistance line of +DI was broken this week in daily chart.
Comment:
Comment:
It is very close to be broken of resistance lines of +DI and CCI indicator. This month will be very important and doji star occurred on prices at this month.
Trade closed: stop reached:
Stopped with -15% loss. I exit from position. It will decrease more.
Comment:
Support line of RSI and Momentum were broken this week. It will decrease more because prices reached new bottoms it is very dangerous. It may happen gap again.