Close above 38.15 will be progress on change on monthly chart.
- DMI still up but has been trending down signaling trend weakening
- TRIX moving up but still below 0
- Stoch coming off oversold readings and trending up
Price has been consolidating since July of 2016. However, a buy trigger was signaled on 5/8/2017 at 38.94 and price has held at this level. Indicators are turning .
Initial and primary buy signal at 35.59. With Friday's close, price has broken out of daily consolidation and indicators are . A follow-thru on in the coming week will lend more credibility to the bias.
Bottom Line: On Monday's open, if price moves up, a buy could be triggered here with a SL at 39.30. If price continues up this week as follow-thru, then month could end with a buy trigger if crosses up over on DMI