June 16, 2010

Negative divergence in MACD


  • There is clear negative divergence in macd hour chart.
  • But the daily trend is up.
  • If price moves above today's high divergence will vanish in no time.
  • above days high one can go long
By at

3 comments:

  1. GANESH PLJune 16, 2010 at 2:41 PM

    Ok, San, Lets see nifty cross day's high to buy...

    ReplyDelete
  2. SanJune 16, 2010 at 2:48 PM

    Negative divergence seems to be in action. Break of 5220 will give 5200. Lets see it is playing cat and mouse with traders

    ReplyDelete
  3. GANESH PLJune 16, 2010 at 2:57 PM

    YES WAITING IN SIDELINES,....

    ReplyDelete

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