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*** BTLY Naked Short Squeeze & More Coming Soon ***
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[QUOTE]Originally posted by machtabow: [QB] I do enjoy watching that MACD line climb toward the centerline each day! It's getting close! mach [QUOTE]Originally posted by machtabow: [b]Bringing this back to the top. Only a few of the many tech indicators... Take care. mach THIS IS A MUST READ FOR ALL!!!!!!!! BTLY TECH ANALYSIS 101 HOPE THIS HELPS U SEE WHAT THE TECHIES SEE HAPPENING SOON KEEP IN MIND TECH ANALYSIS HELPS ELIMINATE ALL THE “NOISE” IN THE MARKET. IT HELPS YOU “SEE” EXACTLY WHAT IS OCCURING. PRICE MOVEMENT IS A REAL TIME COMBINATION OF ALL THE POSITIVES AND NEGATIVES OF A COMPANY. TECH ANALYSIS HELPS YOU INTERPRET AND FORECAST MOVEMENT. THIS IS WHAT I SEE HAPPENING. AND HERES AN EXPLANATION TO HELP. POSITIVE DIVERGENCE For the past month BTLY has been consolidating after a runup to .047 from .01. There was “profit taking” until .023… where it bounced… it bouced up and then retested .023 a second time and then a third for just a brief period. This is often described as a double or triple bottom. The bears “sellers” were unable to bring it past .023 and thus it became the new floor after three attempts! Does that make sense… When a stock runs out of sellers… then the bulls “gradually” seize control again. Get it… less sellers… more buyers… prices rises. Aha! Positive Divergence is when you see the price consolidating down… and a technical indicator such as MACD(Moving Average Convergence Divergence) moving up! Notice on Mavs chart that MACD has been moving up for the past 4 weeks even when consolidation was occurring. This is accumulation and is bullish… even though… Here’s more detail on positive divergence… Hope it helps… but read on… this will help you out big time!!!!!!!!!!!!! ************************************** A divergence occurs when two lines on a chart move in opposite directions vertically. For instance, if a stock's price has been moving lower for several days but, at the same time, its 50-day moving average has been rising, the stock is said to be diverging from its moving average. Divergences between a stock and one of its indicators are common and often occur before a stock changes direction. People often look for divergences by comparing a stock's direction to the direction of its RSI, its MACD or its Stochastic Oscillator. Other indicators and oscillators can also be used. There are two kinds of divergences: positive and negative. A positive divergence occurs when the indicator moves higher at the same time the stock is declining. A negative divergence occurs when the indicator moves lower as the stock continues to rise. ********************* So we have POSITIVE DIVERGENCE OCCURING… but is tech analysis always right. Often but not always. What you do is use other tech analysis technique to confirm the positive divergence. One that people use often is VOLUME. You can see by the on-balance volume of BTLY that it has been gradually increasing… confirming a reversal in the consolidation. Another BIG CONFIRMATION…….. COMING SOON!!!!!!! MACD CROSSOVER CENTERLINE! LOOK AT THE CHART! CAN YOU SEE IT! MAV MAPPED IT OUT! We have Positive Divergence upon the 0.00 centerline. When the crossover occurs… the BULLS WILL BE IN FULL CONTROL and this baby will move! Here’s a little more detail! Read on! Hope this helps you… Remember you can read all the news… listen to all the opinions of everyone in the world… but what the techs do is help look at all that information… at one time… within minutes and make a buy/sell decision! If you have any questions… off the board: email: machtabow@yahoo.com mach Confirmation Confirmation is a subsequent signal that validates a position stance. Traders and investors sometimes look for more than one signal or require validation before acting. For example: confirmation of a trend change may entail an advance past the previous reaction high. For an indicator such as MACD, confirmation of a divergence may be a subsequent moving average crossover. A centerline crossover is sometimes interpreted as a buy or sell signal. A buy signal would be generated with a cross above the centerline and a sell signal with a cross below the centerline. For MACD or ROC, a cross above or below zero would act as a signal. Movements above or below the centerline indicate that momentum has changed from either positive to negative or negative to positive. When a centered momentum oscillator advances above its centerline, momentum turns positive and could be considered bullish. When a centered momentum oscillator declines below its centerline, momentum turns negative and could be considered bearish. [/b][/QUOTE] [/QB][/QUOTE]
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