Make your buy at this point. Its important to watch the MACD however to make sure its not peaking or rolling over, if you use this method. One final note on oscillators. Don't try to use an oscillating indicator by itself on a trending stock. Its a good way to get burned.
Oscillators are powerful technical tools.
Like all technical analysis, its only useful if applied in the proper situation. After-Hours Activity Semiconductor stocks were trading mostly lower in the after hours session after yet another communications chip maker warned that earnings won't live up to expectations for the quarter. Analysts were looking for break even to 2 cents in profit. The magnitude of this downturn is greater than we or our customers anticipated, and the progress in reducing excess inventory in the channel appears to be slower than they originally thought. Also trading lower were VTSS, INTC, and XLNX as well.