Hey traders,
This idea is just my opinion of a good long oppertunity.
The price broke out of the support area. this is an support trendline of the daily chart..
I will wait for the price comes above the previous support @ 1.12053.
after that i think this is a good long oppertunity!
good trading week to all of you! :D
3xMonth previous May 2015
hi 303.8
lo 214
swing
hi 303.8
lo 214
March sales volume a little more the previous buy volume
April sales volume passed the middle of previous sales
May sales volume 3/4 less previous sales
3xWk Previous May 05-25-2015
hi 245.3
lo 227
Last 3 swings
Wiskiest Wk Swing
lo 166.45
hi 303.8
Mid swing
hi 303.8
lo 214
Latest swing
lo 214
hi 249.2
Week May 05-11 sales volume is half previous buy volume
May 05-18 buy volume is a little lesser
May 05-25 sales is a little lesser
3x week previous
hi 249.2
lo 218.3
swing
hi 249.2
lo 214
Buy volume for WK4-27 was equal to previous sales volume. Opening 219 and closing at 240
WK5-04 buy volume also increased around a 1/5th. Skinny price action rebound 226.5 closing 240.5
WK5-11 sales volume reached to a little more then 1/2 and never equalized to the previous week opening 240 closing 236
The CCI crossed above +100 in the last couple of days, and this is a good way to find stocks that are in the beginning of strong moving trends. The CCI has also reached an all time high, extremely bullish, and the price has gapped up over previous highs turning those areas into support.
When the chart is moving fast like this, using the previous highs that are...
