Today's Opening - 262
Today's High - 267
Today's Low - 260
Today's Closing - 265
Previous Day's Opening - 265
Previous Day's High - 266
Previous Day's Low - 261
Previous Day's Closing - 263
Another stock with Flattish closing, with volumes lower than the previous day.
The 20-day Commodity Channel Index has risen into the positive territory for the first time since 10th Sep.
After many days of the 14-day Negative Directional Index dominating the Positive Directional Index, the indices were doing a balancing act for the previous two days. For the first time since 8th Sep, the Positive Directional Index is now marginally stronger than the Negative one.
The closing has been above the 5-day Exponential Moving Average for the past three days.
The 3, 10-day Moving Average Convergence Divergence has remained positive for the past three days.
The 2-day Relative Strength Index is at 81%.
However, the closing candle is still below the 13-day, 16-day Ichimoku Kinko Hyo cloud.
In my previous post on this stock, I'd mentoned that if the stock cannot sustain above 258, then it will go down to 254, else it will rise to 267. The stock had actually gone down to 255 and also now risen to 267. I think the trend reversal has started and the stock can soon zoom to 277.
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