Closing the Week (1/14) Above The Trend Line with MA's Curled Up
Trade at your own risk.
My analysis is bullish. We've got a green week candle about to close above the trend line, the 100 & 200 day moving averages on the week chart about to cross, the Mac D & Stoch RSI on the week looking decent to pump, moving averages strongly curling & trapping on the month, similarly on the 3 month. My target would be 200 day moving average on the day chart (as it hit during last years run) or slightly lower due to the MA coming down sharply on the 3 month, right around $14.50.
My analysis is bullish. We've got a green week candle about to close above the trend line, the 100 & 200 day moving averages on the week chart about to cross, the Mac D & Stoch RSI on the week looking decent to pump, moving averages strongly curling & trapping on the month, similarly on the 3 month. My target would be 200 day moving average on the day chart (as it hit during last years run) or slightly lower due to the MA coming down sharply on the 3 month, right around $14.50.
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