Cleanliness is next to Godliness - Open a Laundry by a Church/Mosque/Temple
Quote:
Originally Posted by
Longhaul
Only learning to read TA (any experts please feel free to correct me!) but it seems like this has picked up some serious downward momentum. MACD, OBV and DMI all looking terrible although RSI close to oversold. Least of all it has broken 200 day EMA as Snapiti mentioned.
I have learned to steer clear of picking bottoms, awfully dirty past-time.
Disc - never held ATM.
Self-progressed expert in all things and debunker of rubbish here.
I think you have hit the nail squarely on the head:
Definitely doing the flight of an early Wright Brothers attempt.
Given that MACD, OBV & DMI generally tell you which way the trend is going then no surprises there !
Remember with RSI it is the turn up out of the oversold level which is supposed to be a signal.
200EMA - that is just a KW thing !
Here in my part of the world there are little hand held water spray things in toilets to help with that sort of thing.
Best Wishes
Paper Tiger