Sunday, June 15, 2008

STIXi Technicals as of 13JUN2008

STIXi continues to stay below all EMAs



And both Stochastics (14,3) and (5,3) have been indicating 'buy' for past 3 days.
And the 12-Period ROC is showing an uptick but still in negative territory, indicating bearish sentiment, and MACD is showing a divergence on the upside for past few days, but bullish signal line cross-over has not happened yet.

STIXi RSI(14) has made a higher-low and appearing to signal a 'Buy' in the short term while the Williams%R (14) is also indicating a Buy, but has not crossed over mid-mark.

However the mild BUY triggers have not been accompanied by a surge in STIXi volumes, though STIXi's share of volume and turnover in NSE EQ have been consistently moving up indicating action being restricted to select scrips of the entire universe.

While the next 1-2 days may be positive for the market, the medium term trend stays negative.

Cheers

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