Click for a larger image
Notice the following on the weekly chart:
-- Prices have advanced almost 20% a month and a half
-- All the SMAs are moving higher
-- The shorter SMAs are above the longer SMAs
-- Prices are above the longer SMAs
BUT
-- The RSI is overbought, and
-- The MACD is overbought
Click for a larger image
Notice the following on the daily chart:
-- Prices have continually moved through resistance
-- Prices are above all the SMAs
-- All the SMAs are moving higher
-- The shorter SMAs are above the longer SMAs
BUT
-- The MACD is declining, and
-- The RSI is weakening
Bottom line: this is a chart that wants to correct a bit.
