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We had a daily close above the 5ema today, which is bullish short term. Also about to cross up through 9 ema and 13ema adx is very high and has been trending up for the last month and a half. it is looking like its topping out, which is good for the bulls. -di line is at 36 right now which is bearish, but if this base at 2.50's can hold we will see it fall as +di line comes to meet it in anticipation of a crossover. I don't have a position here, but thanks for the submission. I will keep updated on this one. i would like to see it develop some strength before starting a position. If you already have a position i would hold here. Good luck. check back soon. Remember to bookmark my blog. |
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