|The daily chart, shows how the share price rose from $18.21 in November 2002 to $44.01 today. Yes there were bumps along the way, but growth has been steady. In the chart I am using a JM internal band to monitor the share.|
|A JM internal band line in a 15-period moving average offset by 2% in either direction. A buy signal is given when the closing price breaks decisively above the upper band, and a sell signal is given when the closing price breaks decisively below the lower band. Often a price may fall to test the lower band, but not give a sell signal, and vice versa should the trend be downward. |
In the chart you can see how the price has broken above the upper JM band line, more than often after a period of consolidation. The 14-period RSI indicator acted as a confirmatory signal should there be any doubt.
|Kerzner International, and the magic of Sol.|
|Graphic provided by: AdvancedGET.|
|The chart also shows the XTL indicator, a Advance GET indicator. The XTL (eXpert Trend Locator) Parameter uses a statistical evaluation of the market that can tell the difference between random market swings (noise) and directed market swings (trends). The indicator colors the bars: Up is blue, down is red, and black is neutral. The color of the bars can be used to further identify a trend. Note on the chart how often the color changed as the price moved below the lower JM band, giving a sell signal.|
|At present the share price is down, testing support at $41.16 However, the RSI indicator is looking promising, and suggesting future strength. Should the share fall below the $41.16 level, it would look for support at $35.68.|
|I would wait to see what the trend for the share is. However any move above the upper JM band line, would be a strong buy signal.|
|Address:||3256 West 24th Ave|
|Phone # for sales:||6042634214|
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