Saturday, August 27, 2011

Weekly TZA








Weekly TZA consolidating at base of Ichimoku Cloud. Blue MA=Red MA. MACD Histogram & Aroon Oscillator both still positive. TZA trending up by Wilder's ADX (>20) on candlevolume chart. Weekly equivolume backtesting above 30 week MA. Weekly Kagi, 3LB & Renko all remain bullish for TZA. Weekly P&F remains bullish for TZA with a 143 target (~300% projected rise).

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