SID

[likesmoney]

http://i51.tinypic.com/28bw2v4.png

[madcowdisease]

Thanks for sharing. I would like to see more evidence of a breakout before entering but that is my personal risk preference.

SID looks to be right at its resistance level dating back to early August. The RSI(14) is signaling almost overbought. SID is just above its upper Bollinger band with two spinning top dojis. This all leads me to question the strength of the trend.

On the other hand SID's ADX is showing a nascent uptrend and just crossed the key level of 15. Also, the faster MAs are crossing above the slower MAs which lends validity to the emerging trend.

Again, thanks for sharing but I need more evidence to pull the trigger on this one. A high volume long black / green candle or even a gap up would be a great signal it's set to trend higher.

6024