After being crashed, one of the stock that showed some great sell signal is SMGR. Take a look at the charts & indicators...
First of all, we'd like to see the MACD indicator that had showed a sell signal since February 1,2010, and till now there's no reversal movement which is added by the gapped down candle stick.
Secondly, the ADX is below the 40, which means the strong uptrend which was created since the crisis recovery has weakened since Oct 20, 2009. Yet, the DI- has crossed above the DI+ which means a bearish has been confirmed, yet the sell signal is showed at the last day of trade which was confirmed by several ADX factors.
Thirdly, the William's %R has showed a sell signal since Jan 28, 2010 and confirmed by Stochastic at Feb 2, 2010. At which the stochastic %K crossed the %D which is a "DEAD-CROSS".
In conclusion, the candle showed a confirmation of bearish which is showed by a gapped down black candle with an increasing volume.
Happy Investing^^
Disclaimer ON!!!
No comments:
Post a Comment
Please comment as you wish and share this if you like :)