Tuesday, October 11, 2016

$AMRN, ...Descending Triangle on Daily Chart, Updating



October 14 of 2016


A descending Triangle on Place for Daily Chart Averages (swing trade)

Support level at 3.11

- First high at 3.31
- Second high at 3.27
- Third high at 3.25
- Four high at 3.24
- Fifth high at 3.24
- Sixth high at 3.30
- Seventh high at 3.21
- Eighth high at 3.21
- Ninth high at 3.19
- Tenth high at 3.21
- Eleventh high at 3.19
- Twelveth high at 3.16
- Thirteenth high at 3.02
- Fourteenth high at 3.02

Average at 3.06

Volume decreasing denoting a sell-off mode continue

MACD histogram and line are in the positive area (0.01 from 0.07) territory neutral to negative averages, and the price is moving down.

Aroon Indicator the positive line at 7.14 descending from 21.43 and the negative line 92.86 ascending from 7.14. The Aroon lines are crossed the trend performance will be more extensive and aggressive for the next 15 days.
Aroon Oscillator 14 first day entirely negative at -85.71, this is it, a negative price will continue.
ADX steady at 15.61 from 16.41 moving down indicating the solid performance is making a change to a weak performance or no trading interest.

+DI 15 -DI 15 on a reversal of trend
Top 23.82 from 21.47, Bottom 19.83 from 22.96 we are in cross signal for a negative performance trend.

Stochastic RSI overbought at (fast 0.00 from 46.55) and (slow 42.61 from 71.99)

This combination of this indicator will force the Algorithmics hit the "sell off" orders very soon.











October 12 of 2016


A descending Triangle on Place for Daily Chart Averages (swing trade)

Support level at 3.11

- First high at 3.31
- Second high at 3.27
- Third high at 3.25
- Four high at 3.24
- Fifth high at 3.24
- Sixth high at 3.30
- Seventh high at 3.21
- Eighth high at 3.21
- Ninth high at 3.19
- Tenth high at 3.21
- Eleventh high at 3.19
- Twelveth high at 3.16

Average at 3.20

Volume increasing denoting a sell-off mode

MACD histogram and line are in the definite area (0.07 from 0.10) sell level, and the price is moving down.

Aroon Indicator the positive line at 21.43 descending from 28.57 and the negative line from 7.14 to 0.00 also. Almost crossing, and after that, the trend performance will be more extensive and aggressive.

ADX steady at 16.41 from 17.33 moving down indicating the very strong performance is making a change to a weak performance

+DI 15 -DI 15 on a reversal of trend
Top 21.47 from 23.20, Bottom 22.96 from 19.59 we are in cross signal for a negative performance trend.

Stochastic RSI overbought at (fast 46.55 from 69.79) and (slow 71.99 from 80.61)

This combination of this indicator will force the Algorithmics hit the "sell off" orders very soon.





October 11 of 2016


A descending Triangle on Place for Daily Chart Averages with an 90/10 chance (swing trade)

Support level at 3.11

- First high at 3.31
- Second high at 3.27
- Third high at 3.25
- Four high at 3.24
- Fifth high at 3.24
- Sixth high at 3.30
- Seventh high at 3.21
- Eighth high at 3.21
- Ninth high at 3.19
- Tenth high at 3.21
- Eleventh high at 3.19

Average at 3.24

Volume also descending

MACD histogram and line are in the positive area (0.10 from 0.13) sell level, and the price is moving down.

Aroon Indicator the positive line at 28.57 descending from 50.0 and the negative line from 7.14 to 0.00 also.

ADX strong at 17.33 from 18.89 moving down indicating the very strong performance is making a change.

+DI 13 -DI 13 moving for weak performance and possible reversal of trend
Top 23.20 from 25.52, Bottom 19.59 from 17.68 moving to a change of trend.

Stochastic RSI overbought at (fast 69.79 from 86.50) and (slow 80.61 from 86.50)

This combination of this indicator will force the Algorithmics hit the "sell off" orders very soon.






October 7 of 2016







October 5 of 2016


A descending Triangle on Place for Daily Chart Averages with an 80/20 chance (swing trade)

Support level at 3.11
- First high at 3.31
- Second high at 3.27
- Third high at 3.25
- Four high at 3.24
- Fifth high at 3.24
- Sixth high at 3.30
- Seventh high at 3.21

Volume also descending

MACD histogram and line are in the positive area (0.13) sell level, and the price is moving down.

Aroon Indicator the positive line at 50.0 descending from 64.29 and the negative line from 21.43 to 7.14 descending also.

ADX strong at 18.89 up from 18.37 indicating very strong performance.

+DI 13 -DI 13 moving for weak performance and possible reversal of trend
Top 25.52 from 25.39, Bottom 17.68 from 16.24 moving to a change of trend.

Stochastic RSI overbought at (fast 86.50 from 86.73) and (slow 86.50 from 88.04)

This combination of this indicator will force the algorithmics hit the "sell off" orders very soon.








October 4 of 2016


A descending Triangle on Place for Daily Chart Averages with an 80/20 chance

Support level at 3.11
- First high at 3.31
- Second high at 3.27
- Third high at 3.25
- Four high at 3.24
- Fifth high at 3.24

Volume also descending

MACD histogram and line are in the positive area (0.10) sell level, and the price is moving down.

Aroon Indicator the positive line at 64.29 descending from 78.57 and the negative line from 57 to 21.43 descending also.

ADX strong at 18.37 indicating the downside is in very strong performance.

+DI 13 -DI 13 moving for weak performance and possible reversal of trend
Top 25.39 fro 35.20, Bottom 16.24 from 18.47 moving to a negative trend.

Stochastic RSI overbought at (fast 86.73) and (slow 88.04)

This combination of this indicator will force the Algorithmics hit the "sell off" orders very soon.







September 28 of 2016

A descending Triangle on Place with a 60/40 chance

Support level at 3.11
2 High at 3.31 and 2 high at 3.26
Volume also descending
MACD histogram and line are negative also.
Aroon Indicator the positive line at 57.14 descending and the negative line from 87 to 71 descending also.
ADX neutral
Stochastic RSI negative



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