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Maxing Against the Ceiling by kensey |
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What does it mean to say that a stock is "maxing against the ceiling?" It means that it is doing so well that the bars on the MACD Histogram indicator graph are hitting the top. It means unequivocally that new highs in the MACD
Histogram confirm the upward direction in that stock's prices.
When you see this happening, you know right away that it's a very good thing. |
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Vari-L Company Inc (VARL)     |
The hump being traced by the MACD Histogram beginning in mid-April is against the top of the MACD indicator graph (the second from the bottom). This confirms the record price highs that are occurring on the price graph. Record highs on the price graph are drawn in blue. Blue is good. I also like the way blue dominates the bars on the Volume graph. Good stuff. Even though the bars of MACD Histogram have dropped somewhat below
the ceiling, things still look bullish.
Why? Because maxing against the ceiling foretells that bullish action on the way.
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