I will list the pros and cons about this stock chart.
PROS
- MACD turning bullish
- Trend is up, stock is in the lows of trend (good entry)
- Decreasing volume on pullback (consolidation)
- Right now it is testing the trendline, going above and below it, but it fails to provide solid support.
- Second MACD green bar is lower than the first, troubling
- Williams %R refuses to leave undersold area
Right now I own some ABX, probably a little too much for all the concerns I have. I will be a buyer if the CONS are eliminated in the next few trading days.
