Will TNDM reach the price level it deserves?
1) I drew Resistance Line on RSI indicator and it has been broken this month clearly. Also RSI has 2 moving averages and they crossed each other. Purple(40.29) one is more than Green(35.77) one.
2) I drew Resistance and Support Lines on Momentum indicator. Resistance line has been broken. Security has taken support from Support Line. On the other hand, Momentum 0 Line is very common to use in Technical analysis. If it is less than 0, we are in downtrend and security can decrease or security is losing downtrend power. It can be shown as reversal of trend. Also i applied moving average on Momentum indicator (SMA 8 period, orange one). Momentum cut above its moving average and it was another buy sign.
3) MACD has light red bars and they are getting little. It is down trend but it is losing its power. It has same interpret with Momentum.
4) I applied moving average on CCI indicator(WMA 14 period, orange one). CCI had been cut above its moving average in the past but it was not buy sign because we compared it with other Indicators. Momentum and CCI gave us buy sign at the same time because they cut above their moving average but RSI did not cut above its moving average. So we did not buy this security. 0 Line of CCI can be used but it will take very long time to cut above 0 line so it can be other buy sign.
5) I applied 2 moving averages on prices. DEMA(5 period, red one, and 20 period, green one). If red one cut above green one it is buy sign, otherwise it will be sell sign.
6) I calculated Target Price like that it may work or not. Target Price = (Highest level of prices + Lowest level of prices)/2
Target Price = 156.09$ + 13,57$ = 169.66/2 = 84.83$
2) I drew Resistance and Support Lines on Momentum indicator. Resistance line has been broken. Security has taken support from Support Line. On the other hand, Momentum 0 Line is very common to use in Technical analysis. If it is less than 0, we are in downtrend and security can decrease or security is losing downtrend power. It can be shown as reversal of trend. Also i applied moving average on Momentum indicator (SMA 8 period, orange one). Momentum cut above its moving average and it was another buy sign.
3) MACD has light red bars and they are getting little. It is down trend but it is losing its power. It has same interpret with Momentum.
4) I applied moving average on CCI indicator(WMA 14 period, orange one). CCI had been cut above its moving average in the past but it was not buy sign because we compared it with other Indicators. Momentum and CCI gave us buy sign at the same time because they cut above their moving average but RSI did not cut above its moving average. So we did not buy this security. 0 Line of CCI can be used but it will take very long time to cut above 0 line so it can be other buy sign.
5) I applied 2 moving averages on prices. DEMA(5 period, red one, and 20 period, green one). If red one cut above green one it is buy sign, otherwise it will be sell sign.
6) I calculated Target Price like that it may work or not. Target Price = (Highest level of prices + Lowest level of prices)/2
Target Price = 156.09$ + 13,57$ = 169.66/2 = 84.83$
코멘트:
On weekly chart i drew support line and it is increasing very well.
코멘트:
Resistance line of RSI, CCI have already been broken and it increased a lot. Strategy worked very well. On the other hand, ADX is less than 20 but it will break its resistance line and it will increase. Momentum and MACD are at positive side. They show that: it will increase and we are in upper trend.
코멘트:
And last thing, +DI cut above -DI and it is buy sign.
코멘트:
코멘트:
Weekly Chart! Broken resistance lines!
코멘트:
Weekly Chart! CCI broke its first support line below. Wait for second one!
코멘트:
Daily Chart! CCI broke support line this week.