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If You Like MACD Divergences
- Thread starter ess1096
- Start date
look how extreme the divergence was last week and the stock still dropped.. that said,i like how it held the march 6th low of 10.20..i would have a stop just under that low. also,the 50 dma is rolling over, the stock is not showing any signs of strength yet,with the exception of holding that 10.20 low i just mentioned..
Quote from executioner:
look how extreme the divergence was last week and the stock still dropped.. that said,i like how it held the march 6th low of 10.20..i would have a stop just under that low. also,the 50 dma is rolling over, the stock is not showing any signs of strength yet,with the exception of holding that 10.20 low i just mentioned..
It was the 10.20 support that caught my eye first, then I noticed the divergence. Not making a buy or sell recommendation but I'll be watching for an entry point if the volume is there.
Nice analysis....agree on all points....markets firms and you can produce a nice move off that bottom. Good risk to reward relationship also.
Quote from JSSPMK:
which time frame is that on? looks great btw, not unusual to see a shake out first
Quote from JSSPMK:
looking great
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1502643>
shake out & now target 1 reached
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1515578>