Please read the disclaimer at the bottom of my blog if you wish to continue with the contents below.
 | |||
| Click image for original size |
JardineC&C with MACD indicator.
MACD showing bullish divergences.
A bullish divergence forms when a stock shows a lower low and the
MACD shows a higher low. The lower low in the stock affirms the
current downtrend, but the higher low in the MACD shows less downside
momentum.
Despite less downside momentum, downside momentum is still
outpacing upside momentum as long as the MACD remains in negative
territory
MACD is currently back at negative territory
Current price action is trying to test previous highs at 35.55
To each his own.
No comments :
Post a Comment