the bottom of the bullish channel. OBV slowly diminishing and RSI has some room to find support. Recent bearish MACD xover while in a macro marginally bearish MACD trend. Even though SMA50 (Red MA) has a positive slope, prior signals warrant caution near term.
Let it pull back some. Discounts entries are ok. Be patient. Let others do the hard work first; with...
Some insider buying this past week. Hard to tell other than the minor increase of SMA50 (Red SMA). RSI gradually increasing, OBV still strong. MACD making higher lows.
Conservative approach: Before dipping in, at least wait till SMA50 (Red MA) begins a positive slope. Otherwise you may end up trying to 'catch a falling knife' with others.
Obey your rules.
- Nearly 63% off recent high.
- RSI and MACD bearish.
- SMA50 with a negative slope; bearish.
- SMA200 violated and soon a negative slope
- OBV gradually decreasing since 2013
Manage your risk and obey your rules.
With SMA50 negatively sloped and SMA200 rolling over with a negatively slope. Of course, pops, drops, magnets and any other volatility moves are likely to happen. Watch the prior S/R levels as potential targets. Obey your rules
Gap down has brought price to lower trend line of bullish channel. OBV has weakened from last weeks price action. Also price is below all three (Green, Orange, Red) MAs.
The sooner you partake, the longer it takes. Let the deep pockets put their money in first. A trend till it is not. Patience. Obey your rules.
Horizontal lines are prior prices of contention and temporary price agreement.
The Powerful Simplicity and Behavior of Moving Averages.
Description:
Beyond the normal definition and calculation of Moving Averages, they filter out the noise, show direction, strength, and volatility. My faster ema9 and ema19, the two green lines and light green fill, are faster and more responsive to the noise of the time frame. While my slower ema50,...
XOM is on watch due to the fact that several indicators are not in sync. Volume has moved out dramatically since August 2014. Since then, there have been a few attempts at the end of 2014 and since mid March 2015 to find a bottom (despite decent earnings). Though MACD is bullish, the last week has met some resistance since MACD has started tapering again and may...
