Hi Guys
Little update on that 3 hr chart from yesterday.If you remember the
Bollinger Bands were constricting pretty powerfully, typically a sign of incipient break either up or down.
Here is a fresh one hr. chart showing XST breaking upwards with the most recent candle - punching right through the upper channel. Also notice a decisive upwards breakout in the
DMI.
We'll need a longer time frame candle to confirm what looks like an upwards breakout, but in the meantime, take a look also at the
Chaiken money flow. Heading up with plenty of room to move.
Confirmation is also indicated by the steady volume increase the last hours and recent price action pushing over 9300. Again, the next 3 hr candle will be the one to watch, but it sure does look like Stealth is breaking upwards. Buckle up.
