The weekly chart is very positive. Notice the following:
-- The MACD is giving a buy signa
-- The RSI is rising indicatin increasing price strength
-- Prices have been rising for the last three months
-- Prices have broken through upside resistance
-- All the SMAs are moving higher
-- The 10 week SMA is about to cross over the 20 week SMA, which will lead to a very bullish alignment of all the shorter SMAs being above the longer SMAs
Notice the following on the weekly chart:
-- Prices have been rising since mid-December
-- All the SMAs are moving higher
-- The shorter SMAs are above the longer SMAs
-- Prices are above the SMAs
-- The MACD is increasing
Bottom line: this is a good example of a bullish chart.
