Technical Analysis II: Tools
“The long term oscillators are coming out of hibernation. The average and trigger lines on the weekly moving Average Convergence Divergence (MACD) charts are converging as it tries to get into buy mode again. The 12-week Rate of Change (RoC) is just below the equilibrium line after showing positive divergence. The 5-week RoC is also showing a similar trend. The 14-week relative strength index (RSI) which has moved up after showing positive divergence continues to move upward in the equilibrium territory. A similar trend is visible on the 14-week Williams’ per cent R, which has started to move upward from the oversold territory. The extreme short-term oscillators are currently placed just belowthe ...