July 9, 2009
MAP Turning Bullish – Moving Averages Confirm Bull Signal
By Planet Wealth
MAP has been channelling down since October 2007. May 2009 saw the stock break up and out of the channel which was the first sign that a change of trend could be happening.
The second indication of a possible trend change was the Higher Major Peak. A higher major trough would confirm the bulls have taken control.
The third indication that the trend could be changing has happened in the last two week with the two well respected Moving Averages (MAV”s) crossing over to a bullish go.
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Topics: Stock Charts, bullish signal, candlesticks | No Comments »
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