1) Murphy Oil retraced and bounced above EMA50 support
2) Price retraced near to 0.382 Fibonacci level.
3) (14-day) Positive Directional Movement Index crossed above (14-day) Negative Directional Movement Index
4) Daily volume on the bounce is at 10.595 million, that is 2.19x as compared to average 50-day volume of 4.845 million. Daily volume that is at 1.5x or...
LCTITAN Rebounds Above EMA 50. Positive DMI (14-day) is higher than Negative DMI (14-day) with ADX (14-day) above 20. Stop loss could be placed at nearest support or close position when price closes below EMA 50.