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Author Topic: APRI - Apricus Biosciences, Inc. - NASDAQ  (Read 10107 times)
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justonian
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« Reply #15 on: March 09, 2012, 04:35:07 PM »

Just a curiosity, look to the +DI and -DI right now, what is wrong with them?

They contradict each other.  +DI is showing a negative indicator, -DI is showing a stronger positive indicator.  To me it says, beats the crap out of me what the stock is going to do, much indecision.

No, both are pointing down, this is a very rare situation, and, usually mean strong pressure to that side, and, the +DI being so high, and, with so much room to fall, look out below.

Got 3 questions:  Strong pressure to which side?  When they are both pointing the same way, that is a contradiction isn't it?  Lastly, do you mean the ADX is high?  12 doesn't seem like a high +DI.  Guess I'm just a bit confused on this, with regards to (+/-)DI, I understood it as:

+DI up  -DI down =   good
+DI down -DI up  =   bad
+DI up  -DI up     =   contradiction / unknown
+DI down -DI down = contradiction / unknown

Strong pressure to the down side, but, in this case, looks like I was wrong.

Yes, it is a contradiction, very rare situation.

No the +DI is low, high was and still is -DI, with room to fall, so this is positive to the stock, and, as we can see, the stock just broke the PAR SAR as resistance.

Your table with the +DI and -DI is perfect.

Thanks for your response Doc, had me worried that I had been reading charts all wrong here lately Smiley.  Cheers, and have a good weekend.
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Vegas
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« Reply #16 on: March 10, 2012, 07:08:24 PM »

Glad to see this finally make the pinch... Crossed over the RSI(14) 30 on Friday to end the day up 6.23% on increased volume... Also broke the par sar to the upside... Now to see if the pinch carries through and the upward movement continues on Monday...

http://stockcharts.com/h-sc/ui?s=APRI&p=D&b=5&g=0&id=p83118894357
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« Reply #17 on: January 26, 2016, 07:15:59 AM »

Great one day run, now pulling back, it should find support between 1.15 and 1.06(MA50). On watch.
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« Reply #18 on: January 31, 2016, 03:06:17 PM »

Great one day run, now pulling back, it should find support between 1.15 and 1.06(MA50). On watch.

Like I said one week ago, it has found support precisely where I said, more exactly at 1.10, but, it is still not a buy, the last candle suggest a drop from this level, possibly to test the MA50 at 1.05.
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