Hi xxxxx
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Also did SUM set off some buy signals around the 19th August at 2.81c.But the DMS did not say buy.....Correct..the DMI is only one indicator, many others have fired buy signals...The DMI is my favourite, but some times it fails especially in trading ranging situations...I think in SUM's case the DMI indicator is slow to fire because the other indicator buy signals fired off unusually early and the uptrend is still very new... the chart patterns are at a conjunction point (299 support line/uptrend line).. and the EMA 50 resistance is still coming into view...Also when DMI doesn't fire think sucker rally..even though there is new short term uptrend the overall longer trend is still downward as shown by the continuing downtrending nature of the EMA 50 200 lines....
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Cheers
Hoop
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