28 May 2014

A negative close towards the last minutes of trading, but our ST is still in the UP trend.  The intra-day charts though have made a negative divergence and could follow through with a push lower tomorrow.  If the push happens, then we should look at sustainability of the move.  This will undoubtedly affect the ST if it has momentum.  We will assess the situation when we get there.  For now the main trend is still bullish.

MT: UP
ST: UP
PA: UP

Note: Since we are in overbought territory, the risk of price acceleration (PA) is to the upside.