Additionally, I look for a negative 3 day force index, positive 13 day force index and a positive slope on the 3 day force index. Meeting my force index criteria for tomorrow is one of Muddy's favorites, BRLC. Using Elle's 10/60 screen, it looks like there was cross at 3pm. If it picks up some volume, it could be on the way up again.
6 comments:
after 5-day failure, it is probably heading towards 8.45-8.50 zone (50-day ema). Just my wild guess, Muddy.
Looks like it is due for a reversal.
let's be patient 1 more day. Reversal is probably tomorrow when it approaches 50-day ema.
BRLC is taking quite a dip! I hope it does make a reversal - you know how those "fails" can be after a few days. But we also know there are no sure things.
I am putting buy-stop order at 9.02 - good volume with sustainable support at 8.90.
voila! I am in...
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