IFN chart has a new lease on life, a powerful W Pattern Bottom that formed under both the 50 and 200 MA's. As price broke up thru the 20 MA, then 50 MA, then 200 MA, the strength was apparent. There are gaps to fill at 34.0 and 34.5. The indicators are all strongly pegged up into overbot territory. A pull back is in order but the price move was so strong that a continued sideways to sideways up move forward would be expected. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.