The daily chart has formed a Gartley pattern as of today. There are 5 indicators to use to get an overall view of what the chart is "saying. ------------------------------------------------------------------------------------------------- Volume: FIsher Transform Money Flow Index Speed: Stochastic Momentum Index Trend: DMI-+ Trend Strength: ADX Volatility: Bolliger Band on Bollinger Band Width Strength: Relative Price Strength ================================== The volume and speed indicators are oversold and ready to turn back up. The volume has slowed down as price has gone down. The daily candle range (volatility) has decreased. The volatility indicator has already turned back up. The trend indicator is "kissing" The trend strength has been going down as price has been going down. The current pattern that is occurring on the daily chart is the Gartley. The projected target price of a Gartley is the 1.27 projection of leg XA. Target price is 35.94 Potential Buy @ yesterdays Open + .23 = 18.88 Stop @ yesterdays Low - .23 = 16.95 Money Mangement: on a 10K account you would purchase 52 shares with a Risk/Reward ratio of 8.84 Cash amount $981 Target Sell= 1862 Profit = 883
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