August 24, 2012

GOOGLE Resistance line and Negative Divergence

  • Google Weekly chart testing crucial resistance line.
  • Daily chart is showing negative divergence with MACD Histogram and Price. MACD lines too is closing in on a sell signal.
  • But price is yet to show any weakness in daily chart. breaking the up trend line and 662 levels may start the correction in favor of bears.
  • APPLE NEGATIVE DIVERGENCE


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