I personally find the MACD pretty useless.. it's a lagging indicator.. i think it works much better for forex trading rather than stocks.. but that's just me.. The stochastics are useful because it's good to know you're in a overbought and oversold market... other than that i would rather just rely on price action and voume..
Quote:
Originally Posted by will068
I'll wait for it to fall even more. The MACD and stochastics for this stock just started to go negative direction. Price for the last week is decrementing as well. Insider trading is just selling off since March. The 5 day Candlestick just hit a tombstone. Finally, the valuation analysis for this stock is below $7.00.
HOWEVER, institutional $$ has been going into this money  . Since the summer is coming up, some of the big money will move away from this stock for a bit causing a dip before some of these fund managers get back from their vacations. hmmm... |