These are all signs. Now add in the crossover of the 14 Day Moving Average of the 30 Day Moving Average and you have another confirmation signal that is .
The most compelling indicators are the shown in the many colored dots. When the are in a vertical setup close together like these, I call this the Stack. This stack of are the Daily , Weekly and the Monthly along with the 6 Day Rolling Range. This is the key support that I am basing the anticipated move up.
I will go long here, about 14.650, and place the stop loss just below the Stack, 14.250, for a trade. Happy Friday!
*See the Legend below for the Indicator Guide*
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Daily Range-DPR (blue/magenta dots) | Weekly Range-WPR (orange/red dots) | Monthly Range-MPR (green/black dots)
6 Day Rolling Range-RPR (lime/yellow dots)
Daily Moving Averages-DPMA: red=14 day, yellow=30 day, white=50 day