Is there a trend change? | stockbee

8/29/2011

Is there a trend change?


A simple tool like 3 moving averages can tell you when trend changes. As of now the MA show a negative trend.

We are experiencing a bounce from oversold level as of now. Can it lead to trend change? Possible but confirmation of that will require time and more buying.

More likely scenario is a range for few weeks which will be volatile and then market will make the real move.

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