“Those who have knowledge don’t predict. Those who predict don’t have knowledge.” Lao Tzu, Chinese philosopher, 6th century BC

PAYPAL

Thursday, 11 June 2015

11 Jun 2015 - 20 Day

Prices have hit the 20 day MA.  A break above is a confidence builder for the bullish camp.  The EW pattern however suggest that a corrective pattern should be at hand with the current trend looking like a 5 wave impulsive move up.  This however cannot be the determining factor, but is complimented with an ST signal UP.  Therefore the analysis is low risk.

MT: DOWN
ST: UP
PA: UP

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