Sunday, July 10, 2005 1:19:51 PM
PLNI chart w/my annotations:
Symmetrical triangle is apexing, volume showing consolidation coming to an end. BB bands tight. RSI at base level of slightly below 50. MACD tightening as it approaches zero. This one looks like its ready to me this week. I expect something to break here on PLNI.
On edit: Also, 50 dma moving up, should form support & notice ADX line is balanced.
Symmetrical triangle is apexing, volume showing consolidation coming to an end. BB bands tight. RSI at base level of slightly below 50. MACD tightening as it approaches zero. This one looks like its ready to me this week. I expect something to break here on PLNI.
On edit: Also, 50 dma moving up, should form support & notice ADX line is balanced.
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