Malaysia: Dutch Lady Milk Industries Bhd (DBMS:KL) Stock Consolidating
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 66.00.
The projected upper bound is: 72.63.
The projected lower bound is: 67.51.
The projected closing price is: 70.07.
During the past 10 bars, there have been 3 white candles and 3 black candles. During the past 50 bars, there have been 25 white candles and 18 black candles for a net of 7 white candles.
A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 84.0608. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 10 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 73.39. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 44 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 158.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 10 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 3 period(s) ago.
Rex Takasugi – TD Profile
DUTCH LADY MILK closed up 0.040 at 70.000. Volume was 57% below average (consolidating) and Bollinger Bands were 17% wider than normal.
Open High Low Close Volume___
70.000 70.720 69.900 70.000 16,700
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 67.98 66.93 61.60
Volatility: 20 24 21
Volume: 15,920 27,426 27,156
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
DUTCH LADY MILK is currently 13.6% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect very strong flows of volume into DBMS.KL (bullish). Our trend forecasting oscillators are currently bullish on DBMS.KL and have had this outlook for the last 12 periods. Our momentum oscillator is currently indicating that DBMS.KL is currently in an overbought condition.