Free
Message: Silverado Daily Chart- Hot-Hot-Hot

Today I noticed a convergance on the chart, the share price and the 20 day and 200 day moving averages all ending the day around .005 now isn't that interesing, maybe this is sign of something big to come?? Kinda like the lining-up of the planets, portending a blow-back into the face of the short traders?

Thought I would try to bring you up to speed....

On the daily chart the 20 day moving average is at the 200 day moving average line ready to make the "Golden Cross" $$ Ka-Ching Ka-Ching $$

The RSI Indicator, located above the price chart, recently showed that the stock was in the over bought territory above 70 for several days,with 40million and 20 million share trade days the share price was over heated, it is now back close to neutral 50, ready for another march back up the chart.

Also the MACD Indicator is now completing its momentum back to neutral 0, the black line touching the red line. Also note that the MACD blue pyramid is now completing its right side. This whole process could be finished in the next few days signaling a bottom before the stock turns around and marches back up the chart.

$$ Ka-Ching Ka-Ching $$

Link to 6 month Daily Chart ........

http://www.freeimagehosting.net/uploads/d7561c8b72.jpg

Share
New Message
Please login to post a reply