Update on MFI and RSI have gone into my areas of concern, but price hasn't yet. MFI has bounced off top of a trendline I am using... Not concluding anything from this. Just wanted to update my previous chart to keep track of it, and for anyone that wants to use this. I drew another horizontal line on RSI for a possible top and added CMF
This is an update of Added another Moving average line (400SMA) for possible bottom - just in case, and we still have broken through it.
I don't think Apple deserves to be the largest company in the world anymore. Their technicals look like a bubble and so do their fundamentals. Apple has done a great job at building their value and I believe they will retain a lot of value going forward; however, these last 5 years of massive growth have come primarily from 2-3 products (Ipod, Ipad, Iphone) and...
FRO is making another run to test 5.17 in this ascending triangle formation. There is some bullish convergence on RSI and MFI with higher lows, but lower highs have created symmetrical triangles. There is still room for price to grow before it hits resistance which could allow RSI and MFI to break the top trend lines and make a higher high, giving momemtum...
Silver lying on long-term support and looking bullish for 2014. I like anything against the USD this year.
If you want to play Dry Shipping in 2014 now is a good time to enter this name
Red lines have brought us down on lower highs until the breakout on the 17th in which the purple lines will keep us contained the rest of the way
So we finally broke down out of that triangle... it was very near the APEX which is where false breakouts are more likely to occur, Everything is on track right now, but I have drawn up my area of concern.
Blue line is the linear regression to new low in future
This chart helps explain why we may see sideways action before a drop off which is predicted in this chart