chart metastock reefcap, page-5

LOL
I have heaps of templates the 15 and 25 ema's on that template are only rough guides. You will find quite a few folk use the 30 period exponential moving average as one of their guides before going long..
Obviously the fundamentals have driven this but you would be suprised how many Chartists use the formula I posted and would have been alerted to the trigger last week.
ethically I cant go into details as the formulas author posts on another forum...
cheers..
Its holding well atm however it needs to reduce the current upper candle shadow to avoid a rapid retrace imo