January 28, 2013

Yahoo Negative Divergence

  • Yahoo daily chart shows negative divergence. Price making Higher High While the indicator making Lower High.
  • Up trend will be safe as long as price stays above 50 Day SMA.
  • Strong support is seen in the weekly chart between 18.84 and 19.12.
  • Negative Divergence may work well if price starts to trade below 50 day SMA.

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