After it crossed $ 14.00 tachnicals appear to break through positive, including 50 day MA, RSI and Parabolic SAR, Need to hit 14.25 for better confirmation. Next stop will be 16-17 soon, if brekthrough continues. Any thoughts!!!
I am confused! What is MA? How do I distinguish a positive MA from a negative MA? What is RSI? What is Parabolic SAR? What is a 'breakthrough', exactly? I mean, it sounds great for us longies, but just what is it?
here is the explanation: MA is moving averages, When a stock crosses 50 day moving averages as is in the case of NLS it indicates stock will move higher, a negative one is when it goes below 50 or 200 day MA. Parobalic SAR is one i give importance and has workred well for me. It is a trailing indicatror. When it turns positive usually it is safe to Buy. NLS just turned green. And RSI is relative strength indicator. As a contarian i like to buy when it is raising from 25% to 50% and sell when it is coming down from 70's to 50%. All these can be done using yahoo in charts and simple. I recently learnt the power of this technical analysis and has worked well so far to me except occasionally. All this means in simple terms is that this stock is poised for a rally barring unforseen news.