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

PAYPAL

Thursday, 5 May 2016

5 May 2016 - Acceleration Signal

The signals are in OS territory, and while the Bullish sentiment is still intact and there is a higher risk of a reversal up, it is a longer-term sentiment.  The ST however is down trending and OS which keeps the accelerated risk high.  The 60 minute chart is holding the price pattern without trying to break lows triggering a possible positive divergence.  The above mentioned is bias towards the bears at this point in time, and 200 day MA is the one to watch.

SEN: Bullish (Down-Trending May 5th)
ST: DOWN
PA: DOWN
R: May 3 Downside bias

Something of interest: https://twitter.com/capital_banco/status/723168198669946883


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