Trending Now: STWD Continues Higher: Buy Fractals In Effect
STWD-had a very strong gap up move at the open. Here are the positives: 1. Currently multiple buy Fractals (highlighted in green boxes). Note: the sell Fractals afterwards are not valid as they came with prices above alligator's jaw. 2. The lower indicator under the chart is CHOP; readings below the shaded area (38.2) indicate a strong trend. The STWD-trend is getting stronger. 3. The top lower indicator is phase energy, and this is positive. Very strong. 4. The alligator is feeding in the uptrend. 5. RSI / Stochastic (top indicator) is strong. 6. Prices are trading above the Ichimoku Cloud . 7. Prices are trading above the thick red Ichimoku Cloud conversion line. 8. Prices are trading above the Ki jun-Sen baseline of the Ichimoku Cloud and this has been HEADING HIGHER. 9. The 5/34 Momentum indicator (top middle) is strong. 10. The Ichimoku Cloud is rising. 11. The moving average trend line is rising. In my opinion, STWD-is in a solid uptrend. Good luck to you. Don.
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