- Stochastics are on a sell signal, but are deeply oversold. RSI is oversold. MACD is on a sell signal.
- Broke solidly below “cross” trend line (in red) at the 140 level.
- Approaching a test of long-term trend line support (in blue) currently at the 78 level.
- Buy on weakness the closer it gets to the 78 level. Use a 73 stop.
Created with AmiBroker - advanced charting and technical analysis software. http://www.amibroker.com
Olson Global Markets represents our Bears in Control, Early Accumulation Phase. This symbolizes a category of securities that may be subject to the following characteristics.
- Consensus of investors recognizes bearish price trend
- Majority is committed to this trend
- Bearish sentiment is strong and emotional
- Bearish fundamental story is fully understood
- Majority doubts a reversal of trend is imminent
- Minority believes a reversal is imminent
- Bullish commitment to stock is weak
- Crowd is increasing in size
- Stock is vulnerable to positive shocks
- Price is at or near its two-year low
- Price has fallen substantially from its two-year high
- Stock or industry group appears to be consolidating and/or forming a base
- Stock or industry group is in recognizable downtrend
Buy : a stock expected to move higher on an absolute basis in the next 6-12 months.
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information contained herein is from public sources we believe to be reliable; however such information has not been nor will be verified by us, and we make no representations as to its accuracy, timeliness or completeness. The information and opinions in this report are current as of the date of the report. We do not endeavor to update any changes to the information and opinions in this report.
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