Chart Scan – Jun 22, 2022

An interesting chart with a history of making big moves on volume spikes, that tells me that this chart can move.

MACD is right under the zero line, Acc/Dist is rock bottom and RSI is just about to cross up and over the middle ( breakout ) line.

Bollinger Bands are in a tight formation and could cause the squeeze on the chart to spark a multi day uptrend. IMO

This one has been a volitile mover but in a downward trajectory.

MACD is setting up for a breakout, RSI is just shy of its breakout middle line, but Acc/Dist is a tad high for my liking, but I have seen charts with such Acc/Dist climb even higher.

If you notice, the 20MA (Green Dotted Line) for this chart has been a pesky resistance point since April, but it has never given the resistance point all of its force in the right set up.

This could be one of those charts that is like an arrow thats been pulled back on a bow and once it finally gets over the 20MA, we could see a breakout.

Watch for volume spikes, thats when this chart moves, like it did last month. Now coming back down to support levels, chart indicators show it could begin to move back up, how fast that will happen I cannot predicts, the chart is in a much tighter formation currently.

Above the 20MA to the top bollinger band would be my opportunity to watch.

Another gradual downtrend and now a sign of some green candles.

MACD is under the zero line, RSI is climbing up, Acc/Dist is at bottom levels. Does not get any simpler then this.