All Time Frames Consistent with Bull Move
1 Year, Weekly - Nov. 6 - Channel Trend is bullish on weekly chart. Note RSI snap back up.
3 Month, Daily - Nov. 6 - Price action above the 200 Day Moving Average (Bullish). Daily shows bounce off of support with resumption of upward pattern. Note the Moving Average Crossover to the up side.
20 Day, 2 Hour - Nov. 6 - The most interesting chart in the flock. Note the MA Crossover and RSI snap back up with confirmation of the move in the MACD. Note the move over the 200 Day Moving Average. All of these indicate bullish momentum prevails. The 20 Day chart offers an intermediate term view of the market that may support swing trader decision making. Think of it as a "Road Map" to the future. "Technical Analysis is a Windsock, not a Crystal Ball" - Carl Swenlin, Decision Point.com.
2 Day, 10 minute - Nov. 6 - Today's action was mostly a consolidation day. Note the tightening of the Bollinger Bands. This is "low volatility" and offers opportunity to take position that could become more profitable as volatility expands. Price action is above the 200 Day MA which is bullish. 200 Day MA is also on the rise consistent with the trend.
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