September 5, 2016
Ending the Downtrend
20 MA crosses below 50 MA, and 50 MA crosses below 100 MA, the price crosses below 20 MA and 50 MA and continues to bounce off and below the MA. Now the price action get resisted by 100 MA. Besides that MACD convergence, may signal the end of the trend.
We see low, and high, and higher high. The pullback retest the last high. The price has now cross up 20 MA.
Will see.
MA is a great visual tool for charting.
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