- The mechanical Parabolic SAR has recently turned bullish showing a upwards trend to be beginning in process.
- The +DI line of the Directional Movement Indicator is above the -DI line right when he Parabolic SAR is suggesting a new upward trend.
- Candle Stick's are settling at resistance points instead of breaching support points on daily charting.
All in all, the Bullish falling wedge continuation pattern is still in effect. To be quite frank, i have not seen so many indicator's and pattern's align themselves together to basically say long this security right now...i mean this is like the planetary alignment of Technical Analyisis Indicators...its amusing...
Regardless its apprarent short sellers and market makers are holding this stock down so they can have more time to sell to cover..or accumlate more shares at a discounted price over a duration of time to avoid loosing potential spread points of massive bullish buying energy...
All in all, the time to buy is now...the breakout will most likely be fierce and fast...im expecting the move to occur next week..but never underestimate the continuation of a battle between Bull's and Bear's it can last and long time.
Position: Ultra Long
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