Gann Box and MACD Analysis

2019年4月15日

PEY appeared on my screener for a MACD crossover play. I applied Gann box and it looks like we are coming up on a critical point with the potential for the move upwards.

I have shown the 48 Day periods which is part of Gann's 192-day cycle to see if there are any points of reversals and it lines up pretty nicely. It appears that we just passed a 48 Day point and have consolidated until we reach that critical angle. We have reached the 15-Day mark after the spring equinox which Gann identifies as an important date to look for.



Looking at the chart above we can see that it's primed for a breakout based on the following reasons:

• We are not only at the 52-Week Low but it also just peaked out of the Wave Trend "Buy" zone;
  
• ADX value of 25 confirms the trend is strong;
  
• Stoch and RSI are both low enough to still jump in the trend;
  
• MACD crossover confirms entry.
  

What are your thoughts?

2019年4月15日

注释

I drew Gann box on a weekly scale and looked further in depth with a MACD crossover strategy. A good point to watch would be around June 21 which coincides with the Gann box convergence and coincidentally is the summer solstice and an important date to look for.